PROTECTIONS OFFERED BY A TRUST


 

Trusts, while a valuable component of estate planning, are not limited to serving only as a way to disburse assets upon death. Trusts offer an excellent way to plan for the future. Trusts can:

  • Provide for the management of assets while a person is still living and govern how assets will be distributed upon death.

  • Provide a measure of protection when beneficiaries may lack the maturity or expertise to manage their own affairs.

  • Help beneficiaries avoid the unnecessary expenses of probate.

  • Provide regular disbursements to someone who is unable to manage large sums of money.

  • Provide income for the trust creator during his or her lifetime with the remainder left to a charity or institution.

  • Protect assets from future lawsuits, creditors, or divorce.

  • Ensure that government assistance continues while the basic level of care is supplemented for a child with special needs.

  • Provide for the management of an individual's assets should he or she become incapacitated.

  • Ensure that assets such as a family business are left undivided.

  • Ensure that estate taxes are minimized as much as possible.

 

 
Contact Us
Corporate Headquarters:
Cumberland Trust
40 Burton Hills Blvd, Suite 300
Nashville, TN 37215
 
 
615.783.2540

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