Generational Wealth - Trusts aren't just for the wealthy, protect your assets & secure your legacy.

Whether you’re starting a trust for the first time or already have one in place, we provide guidance on selecting the right type of trust, managing its investments, and ensuring it aligns with your long-term goals. Some common reasons for starting a trust include planning for retirement, protecting your assets from creditors, and ensuring your children or other loved ones are taken care of after your passing. If you’re interested in learning more about trusts and how a financial planner or wealth manager can help, don’t hesitate to reach out.

A trust can give you peace of mind, but managing it alone can be daunting; let us help.

Life can be unpredictable, and that’s why trusts can be a great way to protect your assets and ensure your loved ones are taken care of. But managing a trust can be complex, and that’s where we come in as your personal wealth manager.

Financial Services for Trusts:

  • Trust Formation
  • Trust Management
  • Portfolio Management
  • Financial  Planning
  • Estate Planning
  • Estate Tax-Planning
  • Business Health Checklist
  • CPA Partnerships
  • Attorney Partnerships
  • Business Qualified Plans
  • Generational Trust Planning

Frequently Asked Questions

A trust is a legal arrangement in which a person or organization holds assets on behalf of another person or organization. The person or organization creating the trust, known as the grantor, transfers ownership of their assets to the trust a trustee manages.

The trustee manages the assets according to the terms of the trust, which are set out in a legal document called a trust agreement.

Anyone who wants to protect their assets, ensure their loved ones are taken care of after their passing, or plan for retirement should consider starting a trust.

Trusts can be particularly beneficial for high-net-worth individuals, business owners, and anyone who wants to avoid probate.

There are many different types of trusts, including revocable living trusts, irrevocable trusts, asset protection trusts, charitable trusts, and special needs trusts. The type of trust right for you will depend on your specific goals and financial situation.

If you create a revocable living trust, you can change the terms of the trust at any time. If you create an irrevocable trust, you may be able to make changes under certain circumstances, but generally, the terms of the trust cannot be changed.

The trustee is responsible for managing the assets held in the trust and ensuring that they are used according to the terms of the trust agreement. The trustee must act in the best interests of the trust’s beneficiaries and follow the grantor’s instructions.

A trust can help you plan for your retirement by providing a source of income during your retirement years. You can create a trust that pays out a fixed amount of money each month, providing you with a steady income stream.

By transferring your assets to a trust, you remove them from your personal ownership and place them under the control of a trustee. This can make it more difficult for creditors to seize your assets, as they are no longer in your name.

If you become incapacitated, the trustee will take over the trust management according to the terms of the trust agreement. If you pass away, the assets held in the trust will be distributed to your beneficiaries according to the terms of the trust agreement.

A will is a legal document outlining how your assets should be distributed after passing. At the same time, a trust is a legal arrangement in which assets are held and managed on behalf of another person or organization.

A trust can be used in conjunction with a will to provide additional protections and ensure that your wishes are carried

Ruggiero Investments can guide you in selecting the right type of trust for your needs, managing the investments held in the trust, and ensuring that the trust aligns with your long-term financial goals. We have attorneys that we work very close with who specialize in estate planning. We will work with your attorney and CPA and if you do not have these professionals as part of your team, we can introduce you to the right partners.

We can also assist with trust administration and help you ensure your wishes are fulfilled. Click here for a free consultation today.