Trust Services

Revocable & Irrevocable Trusts

A Revocable Trust is established while you are living and may be changed throughout your lifetime. It allows for the professional management of your assets for you and your family during your lifetime and following your death. This type of trust keeps your assets out of probate and ensures that your beneficiaries are provided for in a timely manner.

An Irrevocable Trust is simply a trust that cannot be changed after the agreement has been signed, or a revocable trust that by its design becomes irrevocable after the trust owner dies. A typical Revocable Trust can be designed to become irrevocable after the owner dies and become separate irrevocable trusts for the benefit of a surviving spouse and other beneficiaries. An Irrevocable Trust can take on many forms and be used to accomplish a variety of estate planning goals.

Charitable Remainder Trusts

A Charitable Remainder Trust is a split interest trust, benefiting two interested parties. These types of arrangement provide income to the donor or other specified individuals as established in the governing trust document and leave the remaining trust assets to charitable organizations.

Conservatorships

A Conservatorship is established by court order by a judge to manage the financial affairs of a person who needs assistance in areas such as bill paying, collection of income, investments or other similar areas. The Conservator will manage the assets and discretionary disbursements for the beneficiary consistent with the terms of the document.

Foundation & Charitable Trusts

Foundations and Charitable Trusts are organized and operated exclusively for charitable purposes. Similar to other trusts, foundations and charitable trusts are created when an individual transfers ownership of assets to a trust with another individual or company serving as trustee. The trustee of a foundation or charitable trust is responsible for the managing of assets for the benefit of designated charities that are named as the beneficiaries of the trust, according to the written terms and conditions of the document.