There are many reasons to set up trusts.
Married couples can realign the ownership of their assets to save substantial federal estate taxes and pass more on to their heirs.
If the time comes that you are no longer able to handle your own affairs, trusts can ensure that there will be someone who is experienced and objective to handle your needs.
If there is a serious illness or disability, a trust ensures that a plan is in place to take care of your needs and those of your loved ones.
When the trust is managed by a full-service trust company, other professional services can be provided, such as bill paying.
Business owners can use trusts to save on estate taxes when passing along businesses to heirs.
Trusts are also useful for blended families with spouses or children from previous marriages.
Naming an independent trust company removes the emotional element often associated with friends or family members. By naming First Financial Trust, you can replace the burden of administration from friends or family members during a highly emotional period to professionals with many years of administration experience.