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?? Strengthen your family’s future with a trust! ?? Keep control over your assets. ? Quick Tips: 1. Choose a Trust Type: Understand your options. 2. Appoint a Reliable Trustee: Trust is key. 3. Update the Trust Regularly: Life changes, so should your plan. ??? Learn more at www.cynthiagallardo.com. #CynthiaGallardoLegacy #YourLeadingLegacyLawyer #Legacypreneurs #LaunchBuildProtect #DNASynergyLegacy

?? Strengthen your family’s future with a trust! ?? Keep control over your assets. ? Quick Tips: 1. Choose a Trust Type: Understand your options. 2. Appoint a Reliable Trustee: Trust is key. 3. Update the Trust Regularly: Life changes, so should your plan. ??? Learn more at www.cynthiagallardo.com. #CynthiaGallardoLegacy #YourLeadingLegacyLawyer #Legacypreneurs #LaunchBuildProtect #DNASynergyLegacy

The trustee controls the assets in a trust. In a living trust, the grantor typically acts as the trustee. This allows the grantor to retain broad power to control and use the assets of the trust. A successor should be appointed to manage the trust when the grantor acting as a trustee dies or becomes incapacitated. The grantor may elect another person to act as trustee. The trust sets forth specific instructions for the investment and use of the trust assets the trustee is required to follow. - - - - - #Trustee #LivingTrust #Grantor #TrustManagement #TrustAssets #EstatePlanning #SuccessorTrustee #AssetControl #FinancialLiteracy #WealthManagement #IncapacityPlanning #TrustInstructions #InvestmentStrategy #EstateTrust #FamilyWealth #TrusteeDuties #GrantorRights #TrustFund #FinancialFreedom #LegacyPlanning #ProtectYourAssets

Trusts can form the cornerstone of a person’s estate plan, and they come in a variety of flavors. But setting up a trust isn’t easy. Even worse, after the trust is up-and-running, it may all go for naught if it isn’t properly funded. Notably, an unfunded trust doesn’t hold legal title to the assets, so the trustee has no control over them. This brief article explains the negative outcomes of improperly funding a trust. https://buff.ly/4dVJwlq

Signed into law by Governor Carney on August 29, 2024, Delaware’s Trust Act 2024 introduces new tools to help trust settlors clearly communicate their intentions and ensure the success of their trust planning. This includes the addition of a letter of wishes provision and the innovative well-being trust statute. Together, these tools give trustees a deeper understanding of a settlor’s values while promoting meaningful beneficiary engagement, creating a more seamless transition of generational wealth. Read our latest article to explore how these updates could impact your trust planning. https://lnkd.in/eEyZU2wR

The Importance of Naming a Successor Trustee Imagine you're gone. Who do you trust to manage your assets and ensure your loved ones are taken care of? That's where a successor trustee comes in. Here's why it's crucial to choose wisely: Continuity: A successor trustee keeps your trust running smoothly. Fiduciary duties: They have a legal obligation to act in your beneficiaries' best interests. Trust administration: They handle everything from distributing assets to making investment decisions. Don't leave it to chance. Schedule a free consultation today. Call us at (586) 580-8850 #LegacyProtection #UpdatingWill #PlanLegacy #ShapeYourFuture #PlanWithPurpose #LegacySecurity #EstatePlanningWisdom #PlanTodayThriveTomorrow #LegacyPlanning #JohnRTatoneAndAssociates #fathersday

Critical Element of the Week: Legacy Planning This Week's Focus: Successor Trustee - What Does it Take? https://bit.ly/4ef1Wy2 Elements in Focus - September 06, 2024 Presented by: Aaron Rheaume, CKA?, and Grant Soliven, AIF? #FinancialEnhancementGroup #YourLifeAfterWork #FinancialPlanning #LifeAfterWork

Just a reminder of what you can expect if you team up with us to work on trusts & foundations applications ?? If you're planning a major funding application and are short on capacity to write it - or need a critical friend to help you take stock of your strengths and weaknesses and tighten up your proposal - we can help. Get in touch for more info ??

Let’s discuss how important an emergency fund is for you.

Let’s discuss how important an emergency fund is for you.