Trust Services

Trust services are agreements between you (the beneficiary) and a third party (the trustee) serving the purpose of ultimately granting greater authority over the transfer of your assets. Extremely flexible in their arrangement, there are many ways to establish trusts so they serve your intended purpose, whether it be to help manage your existing wealth, your savings, or your legacy.

 

Trustees do not hold ownership over your assets, but are assigned to its management, and can act as legal stand-ins when you are unable to. Trusts can be established on a varied range of assets, including but not limited to estates, stocks, and beneficial ownerships. All in all, they act as an insurance policy in the event of unforeseen circumstances.

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Most trusts circumvent many time-consuming processes you would otherwise have to go through, allowing you faster access to wealth you have set aside, and potentially lowering the owed taxes of your assets. Understanding the many nuances of trusts will help you pave a smoother path for you and your loved ones in the event of death, and will offer more immediate control in the event you reconsider your existing plans.

More often than not, the ins and outs of trusts are not understood by the average person, even when there is much to gain from them. Contact 10X Wealth Management and discover the ways our advisors can help empower your financial authority.

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