A trust is a remarkable planning tool that can be used to attain many financial goals. Including one or more trusts in your own personal financial plan could ensure tax savings, asset protection, financial security and preservation of family relationships.
If you need more information about these or would like to inquire about our services, please contact Michelle or Laura at 765-732-3022.
Types of Trust
Revocable living trust
May be changed or terminated by those who create the trust or by someone else
Cannot be terminated by the person who establishes the trust or transfers property to it
Title remains the property of the owner rather than the trust institution
Established to care for the property of an incapacitated person
Managed only to safeguard and care for the property
Established by employers to provide employees with retirement income
Directed by the owner to purchase and hold assets
Directed by the portfolio manager who integrates the IRA into the overall strategy
Distribution of estate assets to beneficiaries
For more information, please call Michelle or Laura at 765-732-3022 or 800-463-7464 at Bath State Bank.