June 1, 2020
The most important thing that a trust does is make financial resources available to beneficiaries when needed. When a corporate fiduciary such as ourselves is trustee, another automatic benefit is professional investment management. But that is just the start of potential benefits. Among the other objectives that trusts may target:
• income tax savings
• estate tax savings
• gift tax savings
• protection from creditors
• capital appreciation
• retirement income management
• support for a special needs person
• education funding
• probate avoidance and
• implementation of philanthropic initiatives.
June 2020
