Contrary to popular belief, trusts are not just for the very wealthy. They are, in fact, an excellent tool for preserving and distributing any accumulated wealth in the most advantageous way. Technically, a trust is a legal entity that owns and distributes assets according to the wishes of the individuals establishing the trust. Most of us know trusts as a way to transfer assets from one generation to another, but trusts can also be used to perform such practical jobs as:

  • Managing your investments
  • Reducing or avoiding taxes
  • Avoiding the trouble, expense and delay of probate
  • Ensuring that your financial affairs will be taken care of the way you want should you become incapacitated
  • Providing financial support for a spouse or children after your death
  • Protecting your property from fiscally irresponsible beneficiaries
  • Providing financial support for a mentally or physically disabled dependent
  • Protecting your children from receiving an inheritance before they are mature enough to handle it
  • Ensuring that your business is managed the way you want
  • Making alimony payments
  • Financing your child’s education
  • Determining when, how and to whom your life insurance will be paid
  • Supporting a charitable organization

Effective planning makes the most of your assets, now and in the future. A trust is an excellent way to plan successfully. Stop in and see one of our experienced trust professionals to find out how we can serve you.