Trust

Do You Need a Trust? Key Benefits to Consider

October 13, 2022, Julie Westbrock JD, Vice President, Development

What to think about when deciding whether a trust is right for you. Though we can help you with a wide range of wealth management services, trusts are the bedrock of our business — our namesake and how we began. Yet, we know not everyone understands what a trust is.

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It’s Time to Have “The Estate Plan Talk”

September 6, 2022, Trust Point

Talking with loved ones about estate planning and inheritance can be challenging, especially as it centers around two taboo topics – money and death. But talking with your adult children about their inheritance can provide signature advantages for you and them. It can help your heirs better prepare for the.

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Revocable vs. Irrevocable Trusts

August 31, 2022, Julie Westbrock JD, Vice President, Development

Wondering what the difference between a revocable and irrevocable trust is? Check out this comparison guide. Estate planning is a highly personal process; consequently, many people opt to use a trust, as opposed to a will, as the main vehicle for transferring their assets. Trusts are customizable, offer privacy, and.

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Living Trust vs Will: Key Considerations for Planning Your Estate

July 8, 2022, Julie Westbrock JD, Vice President, Development

Trust Point regularly receives questions from clients about their estate plans. One of the most common of these questions is whether they should use a revocable living trust vs will to pass property to their heirs. While there is no one-size-fits-all answer to this question, the information that follows should.

couple sitting in office talking to financial advisor; what happens if you die without a will

Maximizing Our Relationship

March 17, 2022, Trust Point

At Trust Point, we take great pride in our ability to develop meaningful, lasting relationships with clients. Similar to a doctor/patient relationship, a strong partnership is based on mutual respect, honesty, and above all, trust. We offer some advice to help you get the most value from our interactions. Ask.

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Trust Point Information Organizer

January 1, 2022, Trust Point

The Trust Point Information Organizer is created to help aid you in compartmentalizing all of your important information regarding assets, accounts, funeral plans, etc. This is also helpful to pass on to your personal representative, Executor, and/or Trustee(s) upon time of death. View and download an electronic copy by clicking.

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How Assets Pass Upon Divorce

March 9, 2021, Trust Point

Marital vs. Non-Marital Assets: Estate planning is not divorce planning. Without a pre- or post-nuptial agreement, marital assets are subject to equitable division in a divorce proceeding. Effective for divorces finalized after January 1, 2019, alimony payments will no longer be tax-deductible by the paying spouse and will not be.

Considerations for Moving

Moving On…Key Considerations for Individuals Considering a Change in Residence

March 5, 2021, Trust Point

Warmer weather, lower costs of living and the ability to enjoy outdoor activities are all strong considerations making migration south attractive for many retirees. Purchasing a new residence to escape the winter weather becomes even more enticing when it also provides attractive income and estate tax benefits. However, if you.

Updates

Notable Updates for 2021

February 10, 2021, Trust Point

With a tumultuous year behind us, it’s time to start focusing on the year ahead. In the world of financial management, there are several important changes to be aware of. Here’s a breakdown of some of the most important updates to understand in 2021:   The Consolidated Appropriations Act, 2021 (CAA)  In.