The Fundamentals of Trusts
- November 19, 2021
One of the most frequently utilized strategies in estate planning is the use of trusts. Trusts were once associated with high net worth individuals as a way to pass money to heirs or charitable organizations, but they are fast becoming a popular tool for everyone. The main reason people create a trust is to have control over who receives their assets. Trusts can offer other advantages such as keeping your estate private, protecting your legacy and avoiding probate.
Trusts are flexible, varied and complex. Each type has its advantages and disadvantages, but having a basic understanding of the different types and how they work can be advantageous to both you and your heirs. No matter your financial situation, setting up a trust is an excellent financial tool to ensure your estate is well served
JUSTIN GELBMAN, CFP®
Title:FINANCIAL ADVISOR, MANAGING DIRECTOR-INVESTMENTS
Justin is a Managing Director – Investments in The Princeton Sharpe Group of Oppenheimer & Co. Inc. He began his career in 2005, helping serve clients’ investment needs by utilizing the vast resources of a national boutique, while maintaining a local focus. He prides himself on truly understanding the group’s clients. He has a great deal of experience working with multi-generational client families, establishing college savings plans, devising retirement strategies to not outlive their income, and working to build estate plans.