Trust & Estate Planning

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Plan For Your Legacy with City Wealth Management

At City Wealth Management, we are here to help with all of your trust and estate planning needs. We offer a full range of services, including managing investments in your trust, acting as a Trustee, and providing administrative support and servicing for clients who serve as Trustees. In addition, we offer estate settlement services and will work directly with your attorney to assist in creating an estate plan that is right for you and your loved ones.

Trust Under Agreement

Establishing a living trust can help you document specific directions for the distribution of your assets while helping your loved ones avoid probate and save on taxes. We'll work with you to lay out the rules and provisions of your trust, designate beneficiaries and then transfer your assets to the beneficiaries at the time you indicate.

Trust Under Will

A trust under will is created through your last will and testament and takes effect upon your passing. It is typically set up for one of two reasons: to provide flexible control of assets for the benefit of minor children or to ensure your spouse and adult children are taken care of after you are gone.

For minor children, the Trustee will manage the trust assets to provide for their support, care, and education. When they reach the age specified, the remaining principal can be distributed to them according to your direction in the document.

For spousal care after your death, a Trustee will follow your directions to provide the necessary oversight to assure that your assets are invested and distributed wisely for the continued benefit of your loved ones.

Estate Administration

Managing an estate can be stressful for a grieving family - let us take care of the details. We'll collect and manage the assets of your estate, pay any debts and taxes, and distribute the remaining assets to your beneficiaries.

Trust & Estate Planning FAQ

Why do I need a trust?
Having a trust ensures your wishes for the distribution of your assets are carried out after your passing, and it helps protect family assets from future division in the event of a divorce.

How is a trust different from a will?
A will is a simple legal document that provides instructions on how to distribute property to beneficiaries after death, while a trust is a complex legal contract that allows you to transfer your property to an account managed by another person.

Why do I need a trust if I can just title all assets in joint ownership?
With a trust, you can avoid the probate process and ensure your wishes are carried out without the risk of a joint owner making a different decision.

How do I set up a trust?
Contact City Wealth Management, and our team and an attorney of your choice will work together to set up your trust. If you don’t have an attorney, we can recommend one.

What is the difference between a revocable and irrevocable trust?
A revocable trust can be changed at any time by the grantor during their lifetime, as long as they are competent. An irrevocable trust usually can't be changed without a court order or the approval of all the trust's beneficiaries.

Contact your local advisor to learn more about our trust and estate planning services.