Paying taxes may be largely unavoidable, and death is certainly inevitable, but trusts and estates provide a means to better manage both. An aging US population, particularly the baby-boomer generation, and uncertainties surrounding the Federal Estate Tax are anticipated to drive growth in trusts and estates. Though revenue dropped during the recession, it will experience strong growth over the next five years.
This industry includes personal trusts, estates and agency accounts that are managed on behalf of beneficiaries under terms of a trust agreement, will or agency agreement. Industry revenue is defined as the income generated by the assets in the entity. This may be in the form of interest, dividends and other investment income. This income may be held by the entity or distributed to beneficiaries. Fees for estate planning or drafting wills are not included in this industry’s revenue.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.