Trust Management

Lob Planning Group is well equipped to manage your trust assets.

On the face of it, a trust – any trust – is a legal document outlining instructions for the management and expedient transfer of some or all of your assets. Trusts can be revocable or irrevocable and are prepared by attorneys who have special expertise in the area of estate planning. Trust documents should describe:

  1. How you want your assets managed and eventually distributed;
  2. Who should benefit from the trust – both now and in the future;
  3. Who is responsible for carrying out your specific instructions.

Having a legal document is only the first step in the estate planning process. Selecting the right team to effectively manage your assets to conform to the dictates of the trust is the second crucial step. Lob Planning Group is well-suited to this role and will position your assets for income or growth (or both) to align with the mandates of your trust.

A sampling of trust goals might include:

  • Protecting a family member with special needs;
  • Reducing income and estate tax and protecting (and possibly enhancing) family wealth;
  • Funding a set of charitable goals;
  • Protecting assets in the event of chronic illness or the need for long term care;
  • Having specific instructions for the management of your assets for the time when you are no longer able to take care of yourself;
  • Trusts can be viable during your lifetime or take effect at death

Trusts can function in multiple ways. They may:

  • Provide protection for family members who may be unaccustomed or unable to deal with financial matters;
  • Offer protection in case of divorce or litigation;
  • Provide income and estate tax benefits.

A trust can be a powerful and valuable tool for you and your family, but how do you know if need one? And if you already have one – or if you are functioning as a trustee are you confident that your trust is being managed for maximum income and benefit?

Lob Planning Group coordinates with all the members of your estate planning team – attorneys and accountants and trustees – to help ensure that your trust meets your wishes, goals and objectives.