{"id":3925,"date":"2019-03-26T12:00:55","date_gmt":"2019-03-26T17:00:55","guid":{"rendered":"http:\/\/www.new.lawofficeresponse.com\/legacylawfirmnew\/?post_type=blog&#038;p=3925"},"modified":"2021-08-17T10:32:29","modified_gmt":"2021-08-17T14:32:29","slug":"can-a-trust-company-help-me-with-estate-planning","status":"publish","type":"post","link":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/can-a-trust-company-help-me-with-estate-planning\/","title":{"rendered":"Can a Trust Company Help Me with Estate Planning?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-3937 alignleft\" src=\"http:\/\/www.new.lawofficeresponse.com\/legacylawfirmnew\/wp-content\/uploads\/2019\/03\/adult-beautiful-business-1181527-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\">When it\u2019s time to do your estate planning, you should get assistance from professionals. When you draft your estate plan, you\u2019ll need to work with an estate planning attorney. You also may want to speak with a trust company, which can help facilitate your estate plans and coordinate the activities of your legal and \ufb01nancial professionals, says <em>The<\/em> <em>Pasadena Journal\u2019s<\/em> recent article, <a href=\"https:\/\/pasadenajournal.com\/who-can-you-trust-to-reduce-stress-of-estate-planning\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>\u201cWho Can You Trust to Reduce Stress of Estate Planning?\u201d<\/em><\/a><\/p>\n<p>If you have a reasonable amount of \ufb01nancial assets, you may bene\ufb01t from the various services provided by a trust organization. Those services can range from administration of a variety of trusts (such as living trusts and charitable trusts) to asset-management services (bill-paying), and safekeeping services (like providing secure vaults for jewelry and collectibles).<\/p>\n<p>Employing a trust company can make things much easier, when it\u2019s time to plan and execute your estate. A trust company can help you in these ways:<\/p>\n<ul>\n<li><strong>Lessening family fighting.<\/strong> Dividing estate assets can result in ill will and stress in a family. However, a trust company can act as a neutral third party to reduce feelings of unfairness.<\/li>\n<li><strong>Providing greater control.<\/strong> With a living trust that\u2019s administered by the trust company, you can allow yourself great control over how you want your assets distributed.<\/li>\n<li><strong>Saving time and energy.<\/strong> With a trust company, you can let them do all the \u201clegwork\u201d of coordinating your plans with your \ufb01nancial professional, tax advisor and attorney. These professionals are also used to dealing with trust companies.<\/li>\n<li><strong>Adding protection.<\/strong> Trust companies assume fiduciary responsibility for your \ufb01nancial well-being. This means that your best interests are always considered in each service and transaction they perform.<\/li>\n<\/ul>\n<p>You can select from among many different trust companies, but before choosing one, examine the services and fees of a few different \ufb01rms.<\/p>\n<p>As you journey toward that time of your life, when estate planning becomes more essential, discuss your plans with an estate planning attorney, a tax advisor and a \ufb01nancial professional about whether using the services of a trust company might be right for you.<\/p>\n<p><em>Reference<\/em>: <strong>The Pasadena Journal <\/strong>(February 20, 2019) <a href=\"https:\/\/pasadenajournal.com\/who-can-you-trust-to-reduce-stress-of-estate-planning\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>\u201cWho Can You Trust to Reduce Stress of Estate Planning?\u201d<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Of course, you might think that only the very wealthy need a trust company. However, that\u2019s not really the case\u2013people of many income levels have long used these companies.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1156],"tags":[123,161,162,163],"_links":{"self":[{"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/posts\/3925"}],"collection":[{"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/comments?post=3925"}],"version-history":[{"count":1,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/posts\/3925\/revisions"}],"predecessor-version":[{"id":10197,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/posts\/3925\/revisions\/10197"}],"wp:attachment":[{"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/media?parent=3925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/categories?post=3925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/tags?post=3925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}