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Trusts & Estates in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Trusts & Estates Market Research Report | NAICS 52592 | Jul 2016

Strong willed: Demand will increase due to improving financial markets and an aging population

IBISWorld’s Trusts & Estates market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • The aging population and growing number of wealthy households are anticipated to increase industry assets
  • Industry revenue fluctuates with market conditions and correlates with household net worth
  • An improving economy and financial sector will support the industry’s revenue growth
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Industry Analysis & Industry Trends

Since 2010, rising stock market values have helped bolster revenue for the Trusts and Estates industry, while higher household wealth and the aging of the US population has led to the creation of more trusts and estates. Moving forward, the industry is expected to benefit from legislation raising the federal estate tax exemption of assets at-death and lowering of the maximum tax rate. Over the next five years, the aging population and growing number of wealthy households are anticipated to increase industry assets... ... purchase to read more

Industry Report - Starting a New Business Chapter

Overall, barriers to the entry or formation of new trust entities are low. There are no true capital costs associated with these legal entities, and the primary barrier is a result of regulation and policy. As a result of complexity involved in the formation of a legal entity, primarily comprised of legal issues, establishment fees are the main barrier to entry. Legal and accounting fees associated with the formation of the appropriate trust structure, typically range between $1000 and $3000. However, establishment fees can grow with the complexity and size of the entity created. Estate fees are typically set by the state of the deceased, and the cost is dependent on the volume of assets held at the time of death.

.. ... purchase to read more

Additional Insights for the Trusts & Estates Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Trusts & Estates Industry are

  • Managing external contracts (outsourcing) efficiently
  • Knowing your assets and estates
  • Objectively assess new investment projects
  • IBISWorld analysts also discuss how external factors such as S&P 500 and Yield on 10-year Treasury note in the Trusts & Estates industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Trusts & Estates Industry?

    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.

    Industry Products
    Complex trustsSimple trustsGrantor trustsDecedent's estatesOther trusts
    Industry Activities
    Managing bankruptcy estatesManaging private estates on behalf of beneficiariesActing as fiduciary for personal investment trustsOverseeing management of personal trustsManaging benefits of testamentary trustsActing as custodian for agency accounts

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • S&P 500
  • Yield on 10-year Treasury note
  • Business bankruptcies
  • Households earning more than $100,000
  • Median age of population
  • Current Performance
  • Market forces
  • Taxes, bankruptcies and the elderly
  • Chart: Revenue Growth
  • Industry Outlook
  • An aging population
  • Profit
  • Table: Trusts & Estates Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Trusts & Estates Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Accounting Services
  • Custody, Asset & Securities Services
  • Financial Planning & Advice
  • Open-End Investment Funds
  • Tax Preparation Services
  • Products & Services
  • Complex trusts
  • Simple trusts
  • Decedent's estates
  • Other trusts
  • Grantor trusts
  • Chart: Trusts & Estates Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Complex Trusts
  • Simple Trusts
  • Decedent's estate
  • Other
  • Grantor trusts
  • Chart: Major Market Segmentation for the Trusts & Estates Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Trusts & Estates
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Trusts & Estates Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Trusts & Estates Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Trusts & Estates Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Households earning more than $100,000 (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Agency Account
  • An account established as a courtesy to individuals or organizations and is normally established to receive funds for specific purposes.
  • Asset Protection
  • Any form of trust that provides for funds to be held on a discretionary basis; they attempt to avoid the affects of tax, divorce and bankruptcy on the beneficiary.
  • Estate
  • A plan of supervision and arrangement of property before or after death.
  • Fiduciary
  • Individuals, corporations or associations that may be given the legal authority to make decisions regarding financial matters.
  • Offshore Trust
  • A trust made in a jurisdiction different from where the trustee is domiciled.
  • Probate
  • The legal process in which a court oversees the distribution of property left in a will.
  • Trust
  • A legal arrangement in which an individual gives fiduciary control of property to a person or institution for the benefit of beneficiaries.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Trusts & Estates:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Trusts & Estates market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Trusts & Estates, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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