Trust

trust

Trust

A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries.

A trust can give you more control over when and how your beneficiaries receive assets.

Unlike a will, a trust doesn’t have to die with you. Assets can stay in your trust, managed by the trustee you selected, until your beneficiaries reach the age you want them to inherit. Your trust can continue longer to provide for a loved one with special needs, or to protect the assets from beneficiaries’ creditors, spouses, and irresponsible spending.

Since trusts usually avoid probate, your beneficiaries may gain access to these assets more quickly than they might to assets that are transferred using a will. Assets in a trust may also be able to pass outside of probate, saving time, and potentially reducing court fees.

Safety net & build wealth

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You can transform your business to a revenue-producing asset that lets you work as much or as little as you want.

Business planning & strategy

Our clients are often surprised by the possibilities we present to them; by thinking outside the box we present exciting new ventures:

  • Work fewer hours — and make more money
  • Attract and retain quality, high-paying customers
  • Manage your time so you’ll get more done in less time
  • Hone sharp leadership skills to manage your team
  • Cut expenses without sacrificing quality
  • Automate your business, so you can leave for days,

The benefits of trusts include:

You can specify the terms of a trust precisely, controlling when and to whom distributions may be made. You may also, for example, set up a revocable trust so that the trust assets remain accessible to you during your lifetime while designating to whom the remaining assets will pass thereafter, even when there are complex situations such as children from more than one marriage.

A properly constructed trust can help protect your estate from your heirs’ creditors or from beneficiaries who may not be adept at money management.

Probate is a matter of public record; a trust may allow assets to pass outside of probate and remain private, in addition to possibly reducing the amount lost to court fees and taxes in the process.

Business plan market

Once the right plan has been created for a company we work with them at creating a strategy that allows the plan to work. We look at the environmental factors of our clients and make recommendations about steps which can be taken to move in the right direction:

  • Don James/Semplice – Article and News research
  • HighVoltageBusiness – Company and Industry Research
  • Goovers – Company and Industry Research
  • IRISpace – Industry Research
  • Lexos-Nexos – Company, Industry, Market Research
  • Plombett – Industry Research
  • Pronounce – market analysis report “slices”

Competitor research & analysis

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how can we help you?

Contact us at the Consulting WP office nearest to you or submit a business inquiry online.

We were amazed by how little effort was required on our part to have Consulting WP prepare these materials. We exchanged a few phone calls and e-mails, and they… handled the rest.

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Amanda Seyfried
Founder & CEO, Arcade Systems

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