$257.7bn
$XXX.Xbn
25,868
4m
$X.Xbn
The Trusts and Estates industry comprises trusts, estates and agency accounts administered on behalf of beneficiaries under the terms established in a fiduciary contract. Industry revenue, composed primarily of capital gains on trusted assets and ordinary dividends, exhibited an increase over the past five years. The industry benefited from substantial yields in equity markets and appreciation in house prices during the current period. Over the past five years, revenue has climbed at a CAGR of 4.1% to $257.7 billion, including an expected 0.9% decline in 2024 alone.
Industry revenue has grown at a CAGR of 4.1 % over the past five years, to reach an estimated $257.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
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There are no companies that hold a large enough market share in the Trusts & Estates in the US industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Complex trusts, Simple trusts and Grantor trusts. Complex trusts is the largest segment of the Trusts & Estates in the US.
Simple trusts have lagged as a share of revenue
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.
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NAICS 52592 - Trusts & Estates in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The growth in the population of adults aged 50 and older has jumped, increasing demand for trusts and estates. Rising demand and the rising value of asset classes have also d...
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Decedents’ estates have jumped as a share of revenue because of the negative effects of the pandemic. The rise in the number of deaths in 2020 contributed to an increase in t...
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The location of will and trust grantors is based on their tax filing status and is influenced by the age and wealth of a state’s population. States with large numbers of peop...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Financial institutions compete based on fees and investment reputation provided to fiduciary services to trusts. This competition will increase as growth in the upper middle ...
Learn about the performance of the top companies in the industry.
There are no major players in the industry. The industry is fragmented because of the various trusts, estates and agency accounts.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Trusts and estates are primarily regulated by the IRS relating to the payment of taxes. In addition, bankruptcy courts and the US Trustee Program also regulate the industry.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has grown due to rising asset values. In addition, smaller charitable donations, distributions and taxes have put upward pressure on profit.
Including values and annual change:
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Trusts & Estates in the US industry in United States is $257.7bn in 2024.
There are 4m businesses in the Trusts & Estates in the US industry in United States, which has grown at a CAGR of 2.2 % between 2019 and 2024.
The market size of the Trusts & Estates in the US industry in United States has been growing at a CAGR of 4.1 % between 2019 and 2024.
Over the next five years, the Trusts & Estates in the US industry in United States is expected to grow.
Managing bankruptcy estates and Managing private estates on behalf of beneficiaries are part of the Trusts & Estates in the US industry.
The level of competition is moderate and steady in the Trusts & Estates in the US industry in United States.