The Role of a Trust in Financial Planning

A trust offers investors numerous options that can serve to decrease tax liabilities and establish mandates in alignment with a personalized wealth management strategy.  Laws governing trusts are established at the state level and can vary greatly from state to state.  In a similar vein, the difference between a revocable and an irrevocable trust can have an immense impact on tax burden and disbursement flexibility.  Investors would be well-served to take a deliberate approach, with objective input from experienced trust attorneys and wealth advisors, in selecting the option that best fits their needs.

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- Anthony Winkels is Managing Partner and Wealth Advisor at Fortis Wealth Management