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Once a trust becomes irrevocable, whether it is irrevocable from the outset or becomes irrevocable upon a triggering event, its terms are generally locked in place. Yet laws change and families change, and the trust protector role is one tool estate planners use to address this contingency, though it is not the right fit for […]
Read More… from The Role of a Trust Protector: Do You Need One?
When establishing a trust, one of the most consequential decisions a grantor must make is the selection of a trustee. The trustee is responsible for managing trust assets, fulfilling fiduciary obligations, and helping ensure that distributions are made in accordance with the terms of the governing document. Many families initially consider appointing a trusted relative […]
Read More… from 5 Reasons Families Use a Corporate Trustee Instead of a Relative
Estate planning documents like wills and trusts exist for one purpose: to ensure your wishes govern what happens to your assets when you are no longer able to speak for yourself. They protect loved ones, streamline the legal process, and give you control over decisions that will outlast you. But what happens if you die […]
Read More… from What Happens If You Die Without a Will or Trust?
Raising a child with a disability often means navigating systems and decisions that weren’t designed with your family in mind. Alongside the day-to-day responsibilities of care, parents must also plan for long-term financial stability, government benefit eligibility, and what will happen when they are no longer able to provide support directly. One of the most […]
Read More… from Special Needs Trusts: What Every Parent of a Child With Disabilities Should Know
Trust. The name says it all. A trust is a legal arrangement that allows a person, known as the grantor, to transfer assets to a trustee. The trustee then manages those assets for the benefit of the trust’s beneficiaries. When it comes to estate planning, trusts are powerful tools for managing and protecting assets. They […]
Read More… from A Brief Guide to the Different Types of Trusts
Do you know what a trust is? If you don’t, you’re not alone. With so many financial terms we’re expected to know, some of them will fall through the cracks. That’s what The Family Heritage Trust Company is here for. A trust is a legal arrangement that involves three parties: the settler or grantor, the […]
