Trust Funds
1. A Trust can be compared to a safe deposit box that holds valuable items, for the benefit of loved ones.
2. It is a legal arrangement whereby a person or an entity (known as a trustee) holds property as its legal owner, not for their own benefit, but for the benefit of one or more beneficiaries.
3. It is essential that the transfer is gratuitous, otherwise the transaction takes on the characteristics of some other legal entity
2. It is a legal arrangement whereby a person or an entity (known as a trustee) holds property as its legal owner, not for their own benefit, but for the benefit of one or more beneficiaries.
3. It is essential that the transfer is gratuitous, otherwise the transaction takes on the characteristics of some other legal entity
1. Trust Funds will provide a measure of comfort knowing that you have a plan in place to help provide for the safe and accountable management of family assets and to direct their use in accordance with your wishes, goals and objectives.
2. Trust Funds are used to help ensure the proper management of your assets throughout the different stages of your life.
3. During your active lifetime, placing assets in Trust Fund allows you freedom to continue managing your assets or to devote time to other priorities.
4. In the event you are incapacitated, Trust funds will help ensure that your needs are met and that your finances are kept in good order for your benefit.
5. Upon your death, your trust becomes “irrevocable”, and your assets are managed and distributed by the Trust Company (Trustees), in accordance with your instructions throughout the rest of the trust’s existence.
2. Trust Funds are used to help ensure the proper management of your assets throughout the different stages of your life.
3. During your active lifetime, placing assets in Trust Fund allows you freedom to continue managing your assets or to devote time to other priorities.
4. In the event you are incapacitated, Trust funds will help ensure that your needs are met and that your finances are kept in good order for your benefit.
5. Upon your death, your trust becomes “irrevocable”, and your assets are managed and distributed by the Trust Company (Trustees), in accordance with your instructions throughout the rest of the trust’s existence.
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