Advisor Flipbooks

Trusts provide the advantages you know to be part of good wealth management: attractive tax reduction opportunities and a clear roadmap for the management, and transfer and use of assets now and in the future. Even if you don't feel you've entered the estate-planning stage of your life, a trust is still worth considering. Because it captures your long-term wishes and takes effect immediately, a trust can help make sure that sudden changes to your health, family situation or career need not be disruptive events. Your financial advisor now works with SEI Private Trust Company (SPTC) to offer you a robust personal trust solution to use in creating your own personal legacy, helping you share wealth over future generations. Start with the right questions. It's important to understand how a trust could be a worthwhile tool as you plan for your legacy. So, before you begin your estate planning, ask yourself some important questions. • Who will inherit my assets, and when do I want them to inherit? • If it happened tomorrow, are my heirs/children ready to receive their inheritance outright? • If my children get married, do I worry about a divorce? • Who will manage my assets if I am incapacitated or unable? • If I die and my spouse remarries, how do I ensure that assets will reach our descendants? • Is there a way to reduce the potential taxes that will be owed by my estate? • Could a creditor threaten my children's inherited wealth? Trusts: the basics. Personal trusts are separate legal entities designed to hold, manage, invest and/or transfer your wealth for you or your beneficiaries through professional investment management and asset administration. When you create a trust, you designate a trustee, who has the responsibility of managing the assets and terms as outlined in the trust document. In some situations, you may serve as trustee during your lifetime. A trustee may also contract with a financial advisor for investment management. The options vary by structure and circumstance. With the help of your financial, legal and tax advisors, you determine the type of personal trust arrangement that's right for you. Though the specific features of trusts may vary based on the type you elect or the specific intent you establish, they all share some key benefits: Transfer your wealth at the right time to the right recipient. That's what trusts can solve for you and your family. Trusts let you pass wealth along in a strategic way—when you want, to whom you want and how you want it to be distributed—to create the legacy you want for the benefit of your family and community. Trusts bring clarity to your wishes and help minimize confusion, conflict and cost to your heirs. 2

• Cover