Succession Topics – Fundamentals

Succession Topics
StateTrust Life and Annuities, along with the participation of specialized experts, designs the most ideal structure (creating a trust, a personal assets company or a private foundation) seeking to bring its customers financial goals into harmony with taxation requirements applicable in each case, based on their country of origin.
Fundamentals
Some people believe that succession planning is only for the wealthy. That belief is a mistake.
The most gratifying part is that, through a plan, the owner’s wishes regarding his/her assets will be respected by having an opportunity to appoint heirs without a judge’s intervention.
In addition, planning opens the door to the possibility of creating financial legal structures such as trust funds, which protect a customer’s assets.
Furthermore, if the estate owner becomes disabled, a good plan will enable him/her to designate a person to take care of the owner and the property.