Lenox Wealth Corporation establishes and manages private family trust companies, providing optimal estate benefits and maximum wealth and privacy protection.
When it comes to creating, managing, and administering a private family trust company, Lenox is a valuable partner, listening closely to a family's needs and desires for their legacy.
We assist the private family trust company in the creation of various types of trusts, each with a blend of asset protection, tax efficiency, and privacy. Having these trusts under your private family trust company eliminates the need to work with an outside trust firm.
Trust administration is our wheelhouse. Our core belief is that trust administration honors and abides by the wishes of the grantor. Our specialized team of experts are highly experienced in trust law, tax, asset administration, wealth protection strategies and the nuances of family dynamics.
Lenox provides for the creation and continuing operational, managerial, and administrative services to the PFTC, including:
Manages the trust in accordance with fiduciary principles, applicable law and the governing trust document. Facilitates both mandatory and discretionary distributions, and manages third-party expense payments as directed by the trust.
Maintain bank accounts, brokerage accounts, and other custody accounts which receive Trust income and contributions.
Maintains accurate trust records and consolidated reports for the grantor, (co-)trustees, and beneficiaries. Managing income, contributions, expenditures and distributions, and all trust account transactions.
Tax return preparation and filing, or reporting, to ensure compliance with the trust entity document.
Manages or holds special assets, such as real estate, closely-held stocks, yachts, antiquities, and intangible trust property (IP, crypto, patents etc.).
With increasing international reporting requirements, as well as rising complexities and political instability, international individuals and families are establishing trusts in Nevada with increasing frequency. Lenox has the expertise and depth of knowledge to assist international clients with tailored solutions.
One of the most sought-after trust solutions for non-U.S. families is a Nevada Foreign Grantor Trust. NFGTs enable international families to benefit from United States legal protections while limiting tax exposure and optimizing legacy planning.
If you are a foreign national and have a foreign trust, but have assets or beneficiaries in the US, you should consult with Lenox.