You’ve worked hard to build and grow your wealth – it's only natural to want to put measures in place to protect it. Exposure to different tax and legal requirements, a change in your marital status and unforeseen claims and liabilities have the potential to complicate your financial and business goals. At Paragon of Sage Wealth Management, we can help you preserve your wealth today and for generations to come with trusts and other fiduciary solutions.
We'll guide you through your options, answer your questions and help make sure any plans align with your living, estate and philanthropic goals. You can rely on our in-depth knowledge and experience in the fiduciary market.
TRUST
A trust is a legal relationship created when you (the settlor) transfer ownership of certain assets to another person or company (the trustee). The trustee then manages and administers those assets in the best interests of the beneficiaries of the trust, which may include you.
As you’ve separated yourself from the legal ownership of the assets with a trust, the assets no longer form part of your personal estate. This arrangement can help you:
A foundation is defined as an independent legal entity with a constitution and board of directors. Control over the foundation resides with the board, and it may be affected by an agreement between you (as the founder) and the board.
Taking assets outside your personal estate and transferring the legal title to the foundation can deliver many of the same benefits as trusts.
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