Many people think only the wealthy benefit from using a trust. However, the flexibility of trusts means they can address the needs of many different people and circumstances, such as dependents, parents of children with special needs, unmarried couples, and more.
It’s for these reasons and more that a trust can serve as an essential element of a comprehensive estate strategy. Trusts can help you control who receives your assets upon disbursement, how your assets are used, and when they will be disbursed. They may also be able to help you protect your wealth and reduce taxes for your beneficiaries.
*LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial. Our advisors and LPL Financial do not provide legal advice or services. Please consult your legal advisor regarding your specific situation.