Setting up Trust Accounts

Learn about different types of trusts we may establish to protect you and your family.

“Sometimes it is just a lot more fun to do things together than alone.”

Benefits

Trust planning provides you and your loved ones many benefits:

  • Control
  • Tax savings
  • Asset protection

Control

A trust is a document that creates a fiduciary relationship between a person you trust and your beneficiary. You will tell an attorney what you would like to see happen with your money. Your trust documents make sure your wishes are followed. Good attorneys help you think through problems. Experienced attorneys know what problems are commonplace.

Our services facilitate communication between you and the attorneys. This can save you time and money. Furthermore, we help you align the trusts with your values, relationships, and goals.

Tax Savings

A trust may help you save on estate taxes. The savings may exceed the costs of setting up and maintaining a trust by large multiples. On the other hand, some trusts may be taxed at high income tax rates. Understanding how taxes work is imperative to any financial plan that depends upon trusts.

We can help you understand the legal language. Typically, we can provide a one-page diagram that explains most of what you need to know about even complex trust-plans. You will know how they are taxed. You will also be able to understand the potential tax advantages.

Asset Protection

A trust may provide you and your loved ones financial protection. The trust assets may be kept out of litigation. These assets could be sheltered from divorce. Other financial threats may include car accidents, malfeasance, legal claims and more.

We can help you understand the pros and cons of setting up asset protection trusts. We provide an experienced second opinion about any trusts you may already have set up. We can help translate what you create to other family members, should it be appropriate.

Other Services We Provide

For tax and estate planning and more

Charitable Planning

Our financial planners will help you make a gift that is meaningful. Charitable planning can be simple or complex. We can coordinate a team to reduce expenses and may help […]
Read More

Tax Optimization Strategies

Our experienced team uses tax strategies to give you more choice and control over when and how much you pay in taxes.
Read More

Tax Efficient Distribution of Wealth

We help protect wealth across generations for clients, especially by mitigating taxes.
Read More

Social Security Benefit Options

Learn about different ways to maximize your Social Security benefits and avoid costly mistakes.
Read More

Setting up Trust Accounts

Learn about different types of trusts we commonly use to protect you and your family.
Read More

You May Also be Interested

To learn more about topic, click one of these links:

Learn More

An initial conversation is always free of charge.

Talk with an Expert

Our wealth management approach may be different from experiences you have had with other advisors.

Contact Us

Attend an upcoming event

We offer a broad array of events that broaden our knowledge and experiences.

View All Events

Recent Blog Post

Read the Periscope to learn our most recent investment and economic commentary. Plus, timely financial planning topics and ideas.

Read More