Should a trust be part of your estate plan?

Finding time to manage your assets can be difficult. And you may not be comfortable leaving substantial assets outright to beneficiaries.

 

Meg Loitz photo
Meg Loitz, J.D.
Vice President & Trust Officer

A trust can help to ensure that your assets are managed in ways that will preserve them for you and your loved ones, says Meg M. Loitz, J.D., Vice President & Trust Officer for the TCU Wealth Management Center.

 

Placing assets in trust for your child instead of giving them outright may be a sound way to protect the assets. The trust could even include provisions that prevent your child from assigning their trust interest to creditors.

If you are caring for a child who has special health needs, you may be able to set up a trust to provide financial assistance without jeopardizing government benefits. The assets placed in trust are used exclusively to benefit your beneficiary — even after you are no longer there to help.

A trust is a flexible financial tool that can be useful in a variety of circumstances. To find out if a trust is right for you, please contact TCU Wealth Management at (574) 245-4735, ext. 5153 or visit the Trust Team page on tcunet.com to find a team member close to you.