Wealth & Risk Management Blog

William Byrnes (Texas A&M) tax & compliance articles

The Wealth Manager’s Trust Basics

Posted by William Byrnes on September 21, 2010


Why is this Topic Important to Wealth Managers?  Estate Planning almost always involves some consideration of legal trust(s).  It is essential that wealth managers understand the purpose for trusts and the ways trusts can be used in a comprehensive financial plan.  By example, ILITs can be “an effective estate planning device” because, “life insurance proceeds [are not included] in the insured’s estate.”

We invite you to read about some common uses of trust in estate planning, such as Irrevocable Life Insurance Trusts, and analysis at AdvisorFYI.

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