Enhancing Your Estate Plan with a Trust

A will is an important part of any estate plan, but it may not cover everything. A trust may be a helpful addition if you’re looking for greater control over your assets. It can also aid in avoiding delays during probate and making sure that your wishes are followed.

Key Reasons to Consider a Trust

• Reduce taxes: If you have significant assets, a trust may help lower or eliminate estate taxes.
• Set clear terms: A trust lets you decide who will receive selected assets, as well as when and how they are distributed.
• Manage your affairs: A trust can take over if you become unable to handle your finances because of health issues. A will is unable to do this.
• Protect heirs: Limit an heir's access to funds and set conditions for when distributions are made.
• Provide for your children: A trust can protect their inheritance and ensure they use it wisely.
• Support others: Trusts are a way to leave money to charities, grandchildren, or extended family.
• Avoid probate: When executed properly, trusts skip probate, potentially saving time, money, and helping to keep your affairs private.
• Stay flexible: A revocable living trust allows you to make changes as your situation or wishes evolve.

Trusts aren’t only for wealthy individuals. They’re a practical option for anyone who values clarity, control, and protection for their estate plan.

To learn if a trust is right for you, talk to your Federated Insurance^® marketing representative. They can provide a referral from Federated’s network of independent business succession and estate planning attorneys.

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This article is for general information and risk prevention only and should not be considered another other offer of insurance or legal, financial, tax, or other expert advice. The recommendations herein may help reduce, but are not guaranteed to eliminate, any or all losses. The information herein may be subject to, and is not a substitute for, any laws or regulations that may apply. This information is current as of its publication date and is subject to change. Some of the services referenced herein are provided by third parties wholly independent of Federated. Federated provides access to these services with the understanding that neither Federated nor its employees provide legal or other expert advice. All products and services not available in all states. Qualified counsel should be sought with questions specific to your circumstances. All rights reserved.