Family Trusts
Family Trusts
General and High Net and Ultra High Net-Worth Family Trusts
Family and general trusts can help to protect your family’s financial future and the wealth you’ve accumulated over your lifetime. With the complex state of many personal, family and business relationships today, trusts are essential in shielding estate assets from financial disputes, lawsuits, and everchanging tax codes, among other concerns.
General or family trusts broadly refer to an arrangement where a trustee holds and manages assets for the benefit of one or more beneficiaries. All of these trusts are designed to protect assets, reduce estate taxes and streamline wealth transfers within families, Uniquely, trusts also provide families privacy as the trust process keeps family affairs and transfers of wealth private as they do not go through public probate, like in the cases of wills.
Identifying the Right Kind of General or Family Trust
With the nuanced nature of the different types of trusts and each individual family’s specific needs and desires, it’s important to discuss your situation with knowledgeable trust attorneys and administrators like the team at Altruist™, who will learn about your specific scenario and walk you through the different options and types of trusts available, ultimately finding the right solution for you and your family.
Trust Management Designed to Exceed Your Expectations
Altruist™ was created to provide the best corporate trust management experience for beneficiaries of all trusts. The Altruist™ team has extensive experience working with high-net and ultra-high-net-worth individuals and families, ensuring their wealth and family’s financial futures will be managed under the best in fiduciary practices, will live on for generations to come, and continue to grow and build their family’s financial legacy.
No Matter Where You Live – Your Trust is Secure with Altruist™
Altruist™ operates under Washington state trust law, which offers families from around the world favorable jurisdiction for trusts that include
- No State Income Tax for trusts domiciled within the State of Washington
- Strong Asset Protection, allowing individuals to shield their assets from creditors and/or lawsuits.
- Spendthrift provisions, preventing beneficiaries from misusing trust funds or having them seized by creditors.
- Directed trusts, which allow for separate investment and administrative responsibilities among different trustees or fiduciaries.
- Benefits for Multi-Generational Wealth Trusts, allowing for wealth preservation without additional estate taxes.
These are just some of the benefits to families and high-net-worth and ultra-high-net-worth individuals who chose to have their trusts domiciled in the State of Washington.
Contact Altruist™ to discuss your family’s specific trust needs and how you can benefit from our caring and customer-focused approach to corporate trust management.