Trusts

A Beginner's Guide to Trusts

A trust is a legal arrangement where you can securely place your assets, such as property, money, or investments. It's managed by someone you choose, known as the trustee, on behalf of the people you want to benefit from it, called beneficiaries. This arrangement allows you to control how and when your assets are distributed, often providing financial protection for your beneficiaries and can also offer tax benefits.

Making Sense of Your Options

Setting up a trust offers several benefits. Trusts are great for managing your assets wisely and making plans for your estate after you pass away. They allow you to specify exactly how and when your assets should be distributed to others. Trusts also offer privacy, keeping your financial affairs confidential. To establish a trust, you need to determine your goals, select the appropriate trust type, choose a trustworthy person to manage it, collaborate with an attorney to outline the terms, and transfer your assets into the trust through official documents.

Contact Us

What You Need to Know

After the trust is set up, the trustee manages it according to your guidelines, taking care of things like investments and income distribution. It's important to regularly check your trust to ensure it aligns with your present circumstances and goals, making updates as needed, especially when you buy or sell significant assets. Also, consider backup plans for your trustee or beneficiaries in case your original choices are unable to fulfill their roles. Establishing and maintaining a trust requires careful consideration and legal expertise. Consulting with an attorney experienced in trust matters is crucial to ensure your objectives are achieved, and the trust effectively supports your financial and estate planning needs.

Your Guide to Smart Planning

It's difficult to think about what could happen to your loved-ones after your passing, but planning ahead allows you to live every day knowing that they're protected.

  • Asset Management and Protection

    Trusts provide a structured approach to managing and protecting assets, ensuring responsible use over time.


  • Estate Planning

    Trusts are powerful tools for estate planning, allowing for the seamless transfer of assets to beneficiaries, potentially minimizing estate taxes, and avoiding probate.


  • Control Over Distribution

    Trusts offer the settlor control over how and when assets are distributed to beneficiaries, enabling specific conditions or gradual allocation.


  • Privacy

    Unlike wills, trusts are private documents, keeping details confidential and not part of the public record.


Share by: