Is it Time to Consider a Trust?

AWM Global Advisors > Blog > Is it Time to Consider a Trust?

You may think of trusts as luxurious financial vehicles for the elite and wealthy, but the variety and versatility of trusts available offer a number of options to anyone with clear ideas about what they want their hard-earned wealth to do.


Trusts Can Allow Greater Privacy

One of the most common uses of a trust is to avoid probate, the court-supervised process of authenticating the last will and testament of the deceased. Probate can be costly, as attorney and administrative fees caan quickly add up, and it can also be slow and make the process less privat. A living trust can help you avoid this less-than-ideal scenario.


Trusts Can Protect the Health and Peace of Your Family

For blended families, especially those with children, trust create clear expectations for how an estate will be distributed to family members. No matter how well siblings or step parents get along during life, after a family member’s death, especially if money is involved, discord is highly likely. Trusts can be used to allocate fair financial support for spouses and children after death and give the family a better chance to remain united and supportive of one another during a difficult time.


Trusts Can Have Tax Benefits

Irrevocable trusts hold assets such as life insurance or assets with high growth potential and make them property of the trust itself. This can be especially useful for removing future growth of those assets from the grantor’s estate. Plus, once items move into an irrevocable trust, they are protected from any creditors who seek claims against the grantor.


Leave a Reply

In 2017, AWM Global Advisors was ranked by Advisory HQ as one of the top 10 Wealth Advisors in San Diego. AdvisoryHQ considered at a wide range of factors in the selection process including fiduciary duty, independence, transparency, level of customized service and years of experience amongst others. Details of the selection process can be found in the link below. Firms do not pay a fee to be selected nor are they advised that they are under consideration until after the selection is made. No employees or clients were interviewed during the selection process. Third-party recognition from rating services are no guarantee of future investment success. Working with a highly-rated advisor does not ensure that a client or prospective client will experience a higher level of performance. Methodology for Ranking Top Advisors in the U.S and U.K.