A trust is a fiduciary arrangement
through which the trustee manages
assets for the benefit of third parties,
and commonly used to transfer wealth
to heirs or to favored charitable
Insurance products, such as life insurance
policies, annuity contracts and disability policies may be used to fund trusts in all circumstances.
Trusts are very flexible and may be drafted to meet the specific intent of the individuals
creating the trust and customized to meet the specific needs of beneficiaries. Trust can be keyv element in a comprehensive estate and wealth transfer plan, or to otherwise direct how your legacy will be
managed and distributed after your death.
Advanced estate planning and trust services require specific knowledge, typically not provided by
many financial services professionals. Using trust services means collaborating with a third party with your
best interests in mind while the trust is set up through an attorney.
Traditionally, Financial Services Professionals
had to refer clients to other providers. The person appointed as your
trustee will have the knowledge and capability necessary to administer sometimes complex arrangements. They will also be able to meet the fiduciary duties and responsibilities that are imposed under trust law.
If properly drafted by an attorney and administered by the trustee,
a trust can ensure that trust assets are managed and distributed after your death as you had desired.