Wealth Management

An Introduction to Trusts

A perspective of the Wealth Management Group at Monroe Bank & Trust:

At one time, a trust was used for only one purpose—it was a legal document that would provide for distribution or management of someone’s estate after they died.  Now you can use a trust to cover the risk of disability, improve tax planning, manage probate risk, gift planning and more. Whatever your family or estate situation, a trust can be used to accommodate current and future plans and needs. 

For well over half a century, the trust and estate planning experts in the Wealth Management Group at Monroe Bank & Trust have guarded the assets of clients throughout southeast Michigan and northwest Ohio.

The Benefits Of A Trust

A trust is the legal document that will direct how your assets are to be distributed to your family, charities, church or other beneficiaries you choose. A trust can direct those actions while you are alive, in the event you become incapacitated, or after you die. There can be numerous benefits to your estate, your family and to your net worth when you use a trust to manage your finances.  

  Some significant reasons for using a trust include:  

  • Tax Planning - Manage gifts, generation skipping, tax management, or reduce income. 
  • Safety - Move assets into a safekeeping location. 
  • Investment Management - Have assets managed and monitored by MBT’s investment staff for optimal performance. 
  • Simplification - Consolidate the management of assets into one flexible account.
  • Control Probate Costs - Prevent the time-consuming and costly process of Probate administration.  

A Monroe Bank and Trust Wealth Management expert can outline the types and benefits of trusts currently in use today. We have experience determining and executing all potential strategies using the most sophisticated investment and planning tools available.

When you schedule a planning meeting with our MBT wealth management group, we will review the terms, benefits and execution of trusts including:  Living Trusts, A-B Trusts, Property Trusts, Generation Skipping Trusts, Life Insurance Trusts, and Charitable Remainder Trusts.  

The Wealth Management Group at Monroe Bank & Trust: a premier retirement and investment group for Monroe County, Downriver Detroit, southeast Michigan and northwest Ohio.

The information above is not intended nor should it be used as a substitute for the advice of an attorney, estate or tax planner, whose advice should be sought to review your personal circumstances and goals.
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