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Trust Services

The Importance of Trust Planning

Trust planning is a vital aspect of comprehensive estate management, offering a strategic way to protect and distribute your assets in accordance with your wishes. By establishing a trust, you can reduce probate, minimize estate taxes, and ensure your loved ones are taken care of after your passing. Trusts offer flexibility, privacy, and control over how your assets are managed, providing you with peace of mind knowing your wealth is protected for future generations.

Whether you aim to avoid probate, secure your family’s financial future, or reduce tax burdens, trust planning is essential for a well-rounded estate strategy.

Appleseed Wealth Management’s Approach to Trust Services

At Appleseed Wealth Management we will ensure observance of the trust document to protect the interests of current and future beneficiaries. We will assume fiduciary responsibility for final administration, gathering, disposition and distribution of trust assets following the Grantor’s death. We will assemble and assure preparation of annual fiduciary income tax returns by a qualified tax preparer. If applicable, we will assume fiduciary responsibility for living beneficiaries who are incapacitated, i.e. guardianships and conservatorships.

We are committed to effective and efficient investment management by a dedicated portfolio manager. Utilizing Trust Services at Appleseed Wealth Management gives you direct access to team of experts who will provide a comprehensive approach, including financial, estate and tax planning for Trust beneficiaries.

Types of Trusts and Their Benefits

Revocable Living Trusts

A revocable living trust allows you to maintain full control over your assets during your lifetime while providing a smooth transfer to beneficiaries upon your passing. The primary benefit of a revocable living trust is avoiding probate, saving time and reducing legal costs. Additionally, revocable trusts offer the flexibility to modify or revoke them at any time, adapting to changing circumstances

Irrevocable Trusts

An irrevocable trust protects your assets by transferring ownership from your estate to the trust. Once established, it cannot be altered, offering significant estate tax advantages and shielding assets from creditors. Irrevocable trusts are ideal for long-term wealth preservation, minimizing estate taxes, and safeguarding assets.

Testamentary Trusts

A testamentary trust is created through a will and comes into effect after your death. This type of trust is commonly used to provide for minors, manage asset distributions, or support charitable causes. The key benefit of testamentary trusts is that they provide structured financial oversight and protection for beneficiaries after your passing.

Charitable Trusts

Charitable trusts allow you to leave a meaningful gift to a cause you care about while providing tax advantages to your estate. These trusts can provide income to beneficiaries for a set period, with the remainder going to a charity. Charitable trusts are a powerful tool for maximizing financial benefits and making a positive impact on the community.

Special Needs Trusts

A special needs trust ensures that a loved one with disabilities receives financial support without losing eligibility for government benefits. This type of trust enhances the quality of life for beneficiaries while preserving access to vital resources and safeguarding their benefits.

Spendthrift Trusts

Spendthrift trusts are designed to protect beneficiaries who may struggle with managing money. By limiting access to trust assets and placing control in the hands of a trustee, spendthrift trusts help ensure that funds are used responsibly and protected from creditors or poor financial decisions.

Contact Us Today

Ready to protect your assets and ensure your wishes are carried out with expert trust planning? Appleseed Wealth Management is here to guide you through the trust planning process, providing personalized solutions tailored to your needs. Contact us today for a consultation and start securing your financial future.

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Investment products are not deposits or obligations of, or guaranteed by Community State Bank or any other bank, are not insured or guaranteed by the FDIC or any governmental agency and are subject to investment risks, including possible loss of principal invested. Past performance is not a guarantee of future results.

Not Insured by FDIC Not Bank Guaranteed May Lose Value Not a Bank Deposit
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