Many people associate trusts with the very wealthy, because they are often used in the media and pop-culture in the context of two other words: “fund” and “baby”. The reality is that a trust is a helpful estate planning instrument for most of your clients, not just the wealthy. Clients with $250,000 to $1 million in investable assets should consider a trust to help tackle their estate and financial planning challenges.
Another reason trusts are commonly associated with the very wealthy is because in the past for many families the cost of creating a trust was prohibitive. Additionally many trust companies require a minimum deposit of $1+ million in order to open a trust. However, at Peak Trust Company, we tailor our services to meet the needs of your clients by allowing them to create a trust with as little as $250,000. Now your clients can enjoy the benefits that were previously only available to the very wealthy.