What is a trust?
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 organizations.
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 key element in a comprehensive estate and wealth transfer plan, or to otherwise direct how your legacy will be managed and distributed after your death.
Trust Services Include:
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Investment management an prudent diversification of account assets
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Periodic statements, annual tax reporting, cash management, safe custody, and prompt distribution of assets
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Processing of capital changes such as stock dividends, splits, exchanges, and tenders
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Bill paying, automated deposits and disbursements
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Income collection and allocation