The Benefits Of A Trust
A Trust is the legal document that will direct how your assets are to be distributed to your family, charities, church or other beneficiaries you choose. A Trust can direct those actions while you are alive, in the event you become incapacitated, or after you die. There can be numerous benefits to your estate, your family and to your net worth when you use a Trust to manage your finances.
Some significant reasons for using a Trust include:
- Tax Planning - Manage gifts, generation skipping, tax management, or reduce income.
- Safety - Move assets into a safekeeping location.
- Investment Management - Have assets managed and monitored by MBT’s investment staff for optimal performance.
- Simplification - Consolidate the management of assets into one flexible account.
- Control Probate Costs - Prevent the time-consuming and costly process of Probate administration.
An Monroe Bank and Trust Wealth Management expert can outline the types and benefits of Trusts currently in use today. We have experience determining and executing all potential strategies using the most sophisticated investment and planning tools available.
When you schedule a planning meeting with our MBT wealth management group, we will review the terms, benefits and execution of Trusts including: Living Trusts, A-B Trusts, Property Trusts, Generation Skipping Trusts, Life Insurance Trusts, and Charitable Remainder Trusts.