Whether you’re seeking to manage your own assets, control how your assets are distributed after your death, or plan for incapacity, trusts can help you accomplish your estate planning goals. Their power is in their versatility–many types of trusts exist, each designed for a specific purpose. Although trust law is complex and establishing a trust requires the services of an experienced attorney, mastering the basics isn’t hard.
There are many types of trusts, the most basic being revocable and irrevocable. The type of trust you should use will depend on what you’re trying to accomplish.
At Uhlmann Price Securities we provide trust services through our arrangement with RBC Trust Services. As a premier Trust Company, their estate, trust and incapacity solutions can help you preserve the wealth you have worked so hard to accumulate and transfer that wealth to future generations.
Trusts help protect assets should you become incapacitated. When it comes to estate settlement, trusts can help avoid the time, expense and publicity of probate. Trust strategies can also help reduce or mitigate potential estate tax exposure.
Trusts can be used to transfer wealth efficiently from one generation to the next. They can be designed to ensure funds in the trust are distributed according to your wishes to the intended heirs and worthy causes you wish to have benefit from your financial success. So trusts can help you create the legacy by which you wish to be remembered.
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John Fichera | Senior Vice President | (312) 264-4410
Due to varying regulatory restrictions and suitability requirements, please contact us so that we may determine which products are best-suited to your investment profile and solution needs.