Trust Planning Services

Trust Planning Services

As a seasoned provider of settlement and trust planning services, Milestone Consulting’s team has a wealth of experience when it comes to settlement planning and establishing trusts. Our experienced trust planners are experts in establishing a variety of different trusts, including special needs trusts (SNT) and domestic asset protection trusts (DAPT). In many respects, the purpose of these trusts is akin to those of insurance policies or retirement plans. Establishing a trust that properly takes into account your clients’ present and future needs can prove beneficial by ensuring they’re not left needing more or have the chance to squander their assets prematurely. There are many factors that one must consider when establishing a trust — this is where our trust planners excel.

What Is a Trust and Why Would You Use One?

A trust is a fiduciary agreement that allows a third party, or a designated trustee, to hold property or assets on behalf of one or more beneficiaries. It’s a legal vehicle by which one can pass on their assets to their families or loved ones while minimizing the amount of taxes applied to said assets as time passes.

Having an irrevocable trust laid out also circumnavigates the need to put loved ones through the probate process for the funds associated with that trust in the event of the death of the trustor—this is because the trust has already named the beneficiaries.

Why Utilize Professional Trust Planning Services?

Trust planning services can be highly useful for a number of individuals and for several reasons. Their use is not just reserved for the wealthy—they’re being used more and more by individuals from varying economic backgrounds. The main benefit gained from seeking professional trust planning services is informed, unbiased information as to the varied trust options at your disposal, and advice as to which kind of trust best suits your goals. We know there is a lot to go through and how confusing this can be—but Milestone Consulting is here to help you through this.

There are many different kinds of trusts to choose from—each with their own purpose. For instance, a domestic asset protection trust (DAPT) is primarily used as an insurance policy guarding both older and younger individuals from the potential hardships they may encounter in life. This particular form of protection guards against the loss of your life savings in the wake of a divorce, bankruptcy, or liability accident. A settlement doesn’t have to be involved for you to take advantage of a DAPT and secure your future from irreparable harm. You can learn more about another common type of trust, known as a special needs trust, here.

Whether a settlement is involved or not, our professional settlement and trust planning consultants can help you select the trust that will best serve your wishes.