When individuals hear the word trustee, they often associate the word fiduciary along with it. However, most individuals do not understand what acting in a fiduciary capacity means. A fiduciary trustee is required to act in the highest statue of service, and a fiduciary is legally bound to put their clients best interests above their own. Wealth Advisors Trust Company serves as a fiduciary.
Most individuals want to maintain control even though they have placed assets in a trust. Making a trust private is one way to keep control; a directed trust is another.
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When a large amount of wealth is being transferred, it is essential to understand what taxes can occur. This blog will cover the importance of understanding the federal estate t...