If you’re thinking of setting up a trust for your children or for other reasons, you should keep reading. The Youtube video “A Directed Trust – the ABCs” explains everything in detail so that you can understand how a directed trust company works and why you should count on them with your money. Let’s find out more!
A directed trust company gives the duties and responsibilities of the trustee to others. This way, someone might be able to save more as they don’t have access to the money immediately.
Additionally, the trustee now has reduced legal risk and can be exempt from trustee fees. 45 states in America have directed trust laws, but only six of those states have all the regulations meant so people can fully benefit from a directed trust company.
The truth is those companies in 39 states don’t want to give you all the control even if they say they do. Therefore, you should consider a directed trust company in Delaware, Nevada, New Hampshire, Tennessee, South Dakota, or Alaska, where you’ll get the full benefits.
You can check the rest of the video for more details about a directed trust company.