Trusts & Estates in the US
Trusts and Estates industry revenue, composed primarily of capital gains on trusted assets, exhibited volatile growth over the five years to 2018. In addition to the performance of the underlying assets, the actual number of trusts and estates plays a crucial role in revenue change. The number of trusts is influenced by household wealth and the age of the population, as well as domestic savings rates and the number of bankruptcies. As the population ages and estate planning becomes more relevant, demand for instruments that secure assets after death grows. Over the next five years to 2023, the aging population and growing number of wealthy households are anticipated to increase industry assets, while strengthening financial markets are projected to increase returns on those assets. As a result of these economic and demographic trends, industry revenue is forecast to grow.
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. 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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