Answering the questions of a lifetime.

Clear explanations you can trust

Helping you become comfortable with how trusts work is as important to us as listening closely to your goals for the future. You should be confident that the assets you’ve built over a lifetime are in good hands—no jargon, no uncertainty.

Trust 

Trust

A document creating a legal entity that is obligated to hold, manage, and distribute assets according to your predetermined wishes.

Will 

Will

A document determining where a person’s assets go after death, often requiring the slow and costly step of validation in a public probate court.

Revocable Trust 

Revocable Trust

A trust that can be changed or ended by the grantor, who typically owns the assets while alive. Income and/or estate taxes resulting from those assets may therefore still be tied to the grantor.

Irrevocable Trust 

Irrevocable Trust

A trust that cannot be changed and exists as a separate legal entity from its grantor. Since the trust owns the assets, resulting income and/or estate taxes may be minimized for the grantor.

Grantor/Settlor 

Grantor/Settlor

The person or organization creating a trust and providing the assets that the trust will hold and manage, in addition to specifying who benefits.

Beneficiary 

Beneficiary

A person or organization named to benefit from the assets held by a trust, either now or in the future.

Trustee 

Trustee

The person or firm administering a trust for the benefit of others, under obligation to execute the trust as drafted and manage its assets and property.

Executor/Personal Representative 

Executor/Personal Representative

A person named to settle someone’s estate upon their death, with the main duty of carrying out the wishes set forth in a last will and testament.

Trust Protector 

Trust Protector

A person or firm chosen to oversee trustee performance, often with the power to appoint new trustees if a trust document is not being honored.

Investment Advisor 

Investment Advisor

A person or firm qualified to buy and sell invested assets held by a trust in order to meet its goals, as well as managing those assets responsibly.

 
 
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