The 411 on Trust Funds

Wealth Strategy with Bryan Rigg

A trust fund is a vehicle you can use during your life. You can do an irrevocable trust. Then it's solid. It's active, once you fund it. Or you can have a revocable or a trust you fund on your death. This trust, then, will benefit either a foundation or benefit your heirs, your children, your grandchildren, nieces or nephews, whoever you earmark for it. One of the most important things about a trust is that it bypasses probate. If you set up a trust it's not disclosed. If you're worried about people knowing where a certain amount of assets are going to go later on, if you have it in your will it will be probated and it will be a public record. Everybody will be able to see it.

If you do it in a trust, it bypasses probate. It's sealed. Nobody knows who's getting what and how much is in there.

LEARN MORE at www.RiggWealthManagement.com

RIGG Wealth Management offers securities to Broker Dealer Financial Services, Member SIPC and advisory services through Investment Advisors Corp and SCC registered investment advisor. RIGG Wealth Management is not a subsidy area of Broker Dealer Financial Services. Neither RIGG Wealth Management nor Broker Dealer Financial Services offer legal advice. Client should consult their attorney of choice on all legal matters.

Opinions expressed on this program do not necessarily reflect those of Broker Dealer Financial Services. The topics discussed and opinions given are not intended to address the specific needs of any listener. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. Examples mentioned are for illustrative purposes only, individual results may vary. Past performance is no guarantee of future results. Investing involves risk including loss of principle. Rebalancing can entail transaction costs and tax consequences that should be considered when determining a rebalancing strategy.