Edward Jones
July 6th, 2022
When it’s time to do your estate planning – and it’s actually never too soon to begin – you may find the process, at first, to be somewhat bewildering.
You’ll have many questions: What sort of arrangements should I make? Who should get what? And when? How can you address these and other issues?
Assembling a team of professionals can help. In drawing up your estate plan, you will need to work with an estate-planning lawyer. For guidance on the investments that can help fund your estate planning arrangements, such as a living trust, you can draw on the help of a financial advisor. You also may want to connect with a trust company, which can help facilitate your estate plans and coordinate the activities of your legal and financial professionals.
Of course, you might think that only the very wealthy need a trust company. But that’s not really the case – people of many income levels have long used these companies. As long as you have a reasonable amount of financial assets, you likely can benefit from the various services provided by a trust company.
These services can range from administration of a variety of trusts (such as living trusts and charitable trusts) to asset-management services (bill-paying, cheque-writing, etc.) to safekeeping services (such as providing secure vaults for jewelry and collectibles).
