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Trust Services

August 13, 2022

With Baird Trust soon to be a solution available to clients in September, Mark “Mac” McLennon and Mark Criner, Trust Strategists of Baird Trust, will highlight key trust solutions that may benefit your unique financial situation.

They will focus on:

The Benefits of Establishing a Trust

  • Asset Protection
  • Mitigating Estate and Income Taxation
  • Confidentiality

Common Uses of Trusts

  • Business Succession
  • Trust as an IRA beneficiary/Secure Act
  • Philanthropic/Charitable Giving
  • Transfer of Digital Assets

Estate planning concepts and tools

  • Components and terminology of a trust (Revocable vs. Irrevocable, Living Trust/Testamentary Trust, Individual Trustee/Corporate Trustee, Federal Estate Tax/Portability)
  • Will/Probate/Intestacy
  • Power of Attorney/Advanced Healthcare Directive/Tangible Personal Property List

Relationship of Baird Partners

  • Trust Strategist and Financial Advisor
  • Pre-Acceptance/Acceptance process and acquisition of testamentary document
  • Timeline for trust administration.
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