Perhaps you think that trusts are only for “rich” people. Maybe you believe that you’ll lose control over the administration and distribution of your property if you create a trust. You’re concerned that your family won’t be able to receive the benefits of the assets you’ve worked a lifetime to accumulate if you place them in the hands of a trustee. Or your children have grown up to be responsible and competent adults, and you can’t imagine limiting their access to the inheritance you hope to leave to them.
What exactly IS a trust? And why might one be a good choice for you to consider as part of your estate planning process? The management team at AAFMAA Wealth Management & Trust welcomes the opportunity to have a conversation with you about how trust planning can play a role in providing a sound financial future for you and your family – perhaps for many generations to come.
For answers to some frequently asked questions, please CLICK HERE
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Trust Administration Fees:
Irrevocable Life Insurance Trusts:
Please note that AAFMAA Wealth Management & Trust is prohibited from the unauthorized practice of law and cannot draft any documents for clients; we would be pleased to provide recommendations for counsel, if requested.
**This communication is not a covered opinion as defined in Circular 230 and is limited to the Federal tax issues addressed herein. Additional issues may exist that affect the Federal tax treatment of the transaction. The communication was not intended or written to be used, or relied upon, by the taxpayer, to avoid federal tax penalties.
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