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Working Nationally to Provide Expert Advice

Advocacy Trust has worked to provide our clients a nationwide platform, doing business in Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Indiana, Illinois, Iowa, Kansas, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, West Virginia, and Wisconsin.

  States with Reciprocity

Why We Are Based in Tennessee

The company was chartered and headquartered in Tennessee to provide our clients from across the United States with the benefits of operating in one of the most trust friendly states, with benefits including:

  • A Tennessee “spendthrift” trust provides protection from a divorced spouse. In many states, this is not the case as a divorced spouse who receives support for self or children can reach into the trust assets.
  • A Tennessee “spendthrift” trust allows for an unlimited amount of beneficiary assets to be secure from creditors (with the exception of limited claims owed to the state of Tennessee for child support and taxes).
  • A Tennessee “non-spendthrift” trust provides asset protection from creditors (if distributions are subject to the discretion of the trustee of the trust).
  • Non-residents may receive benefits from Tennessee trust laws. By appointing a Tennessee trustee, an individual will receive all the benefits of Tennessee resident, regardless of where they live. Even a non-Tennessee trust (where the trust was originated in another state) can receive the expansive benefits of a Tennessee trust if the trustee is changed to someone in Tennessee.
  • Tennessee does not have a general income tax. As such, it only taxes certain interest and dividends, and even this tax does not apply to trusts for non-resident beneficiaries administered by a Tennessee trustee.
  • By moving a trust from another state to Tennessee, an individual can eliminate state, county and city income taxes. Consider an irrevocable trust administered in a high-tax state that is about to sell a large holding in a closely held business. By moving the trust to Tennessee, neither the trust nor its beneficiaries (absent distributions to them) will face state or city taxes when the business is sold.
  • The state of Tennessee goes to great lengths to protect the confidentiality of an individual’s trust. While some states require a public record of trust agreements (like deeds) and make periodic public accountings to courts, Tennessee allows a trust to avoid this scrutiny.

Trust Planning

Money Management

Government Benefits

Annuity Planning

Forge Consulting is a national insurance agency. We analyze but do not provide investment, legal or tax advice. Advocacy Wealth, a Registered Investment Adviser, offers financial planning. Advocacy Trust offers fiduciary services. Forge is the parent company of both Advocacy subsidiaries.

Securities and Insurance Products are NOT insured by the FDIC, nor by any other Federal or State Government Agency, are NOT a Deposit of and are NOT Guaranteed by a Bank or any Bank Affiliate, and MAY lose value.

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