First Western Trust’s Post

Revocable trusts can be more expensive and time-consuming to set up initially. Nevertheless, they save the beneficiaries time and money after the death of the grantor (the person creating the trust). They can be a little more difficult for people to understand than the traditional last will and testament. However, the overall pros usually outweigh the negatives. #RevocableTrust #EstatePlanning101 #FinancialWisdom

Revocable trusts can be more expensive and time-consuming to set up initially. Nevertheless, they save the beneficiaries time and money after the death of the grantor (the person creating the trust). They can be a little more difficult for people to understand than the traditional last will and testament. However, the overall pros usually outweigh the negatives. #RevocableTrust #EstatePlanning101 #FinancialWisdom

💼 Trusts demystified! 🌟 From grantors to beneficiaries, learn the essentials of this powerful estate planning tool. Revocable or irrevocable, living or testamentary, trusts offer flexibility and control. #Trusts101 #EstatePlanning 🏛️💼

Wills vs. Trusts: What’s the Difference? 🤔 Unpack the essentials of estate planning tools like wills, trusts, beneficiary designations, and more! Get started with our planned giving site today! cfbmclegacy.org. #MakeaWillMonth

It is never too early to plan for the future. ⌛ Trusts can help you stay in full control of your finances, allowing you to decide who receives your assets and when. Setting up a trust has a range of benefits, including: ✔️ Opportunities for tax relief ✔️ Preventing family disputes over wealth distribution ✔️ Protecting inheritance for young or vulnerable recipients Find out more about how trusts work here: https://ow.ly/2ZmK50SE7Bl

Although everyone needs a will, not everyone needs a trust. Trusts are routinely used in the following situations: - If the person wishes to keep their estate planning private. Wills are public record when you die, whereas a Trust never becomes public record. - Beneficiaries with Special Needs: Making sure that distributions to these individuals don't jeopardize that individual’s ability to qualify for benefits that are tied to income. - Planning for multiple generations especially in blended families. Learn more: https://bit.ly/3yhkoqn

🤔 Which Trust Is Right for You? Trusts can be a powerful tool for protecting your assets, supporting loved ones, and managing your estate – but choosing the right one can feel overwhelming. From Will Trusts to Discretionary Trusts, each has unique benefits tailored to specific needs. 💡 Want to protect your children’s inheritance? 💡 Concerned about care fees or sideways disinheritance? 💡 Looking to pass on assets tax-efficiently? We've got you covered. Learn more about the different types of Trusts and how they could work for you in our latest blog. 👉 Click here to find out more: https://zurl.co/m41R #EstatePlanning #Trusts #ToucanLaw #AssetProtection #TheBrightWay #CareFeePlanning

As more people consider gifts rather than leaving all their assets as an inheritance, it's important to ensure your wealth stays in the family in case your child's relationship breaks down. If you want to pass on assets to your family, consider: 1. Asking your beneficiary to consider a pre- and post-nuptial agreement 2. Using a declaration of trust if the gift is being used to purchase a property 3. Attaching conditions to the gift 4. Using a trust to pass on assets To learn more about protecting your living legacy, read our blog, linked below. https://lnkd.in/ekvDjWYj

Is this concern on your mind? A living trust can be an excellent solution. It offers: 🛑 Speed bumps around distributions to your children. 📝 The ability to leave instructions for fund usage. 👤 Option to name a trustee to manage the assets. Want to learn more about protecting your children's inheritance? Let's discuss how a living trust could work for your family. ☎️ 850-607-2222 🌐 www.TrustedElderLaw.com #TrustedElderLaw #EstatePlanning #LivingTrust #InheritanceProtection

Is this concern on your mind? A living trust can be an excellent solution. It offers: 🛑 Speed bumps around distributions to your children. 📝 The ability to leave instructions for fund usage. 👤 Option to name a trustee to manage the assets. Want to learn more about protecting your children's inheritance? Let's discuss how a living trust could work for your family. ☎️ 850-607-2222 🌐 www.TrustedElderLaw.com #EstatePlanning #LivingTrust #InheritanceProtection