Perhaps you think that trusts are only for “rich” people. Maybe you believe that you’ll lose control over the administration and distribution of your property if you create a trust. You’re concerned that your family won’t be able to receive the benefits of the assets you’ve worked a lifetime to accumulate if you place them in the hands of a trustee. Or your children have grown up to be responsible and competent adults, and you can’t imagine limiting their access to the inheritance you hope to leave to them.
What exactly IS a trust? And why might one be a good choice for you to consider as part of your estate planning process? The management team at AAFMAA Wealth Management & Trust welcomes the opportunity to have a conversation with you about how trust planning can play a role in providing a sound financial future for you and your family – perhaps for many generations to come.