Estate Planning and access to Trust Services
through Wells Fargo Affiliates
We at Magellan Financial provide a variety of wealth management services that focus on Estate Planning Strategies and Access to Trust Services through affiliates, including philanthropic and personal trust. We will help you understand the difference and help you conclude your plans for the future.
Financial Services We Assist With:
- Philanthropic donor services
- Personal trust services through Wells Fargo affiliates
- Trust-fund portfolio administration
- Estate planning strategies
- Charitable Trust
A charitable trust is an irrevocable trust where a charity is the income beneficiary for a fixed number of years and the remainder of that trust is passed to non-charitable beneficiaries. Assets can be passed to the non-charitable beneficiaries at a reduced gift- or estate-tax value. Charitable remainder trust is irrevocable trust that provides current income to the non-charitable beneficiary(ies).
Revocable living trusts are a flexible and practical estate planning tool. A revocable living trust can accomplish a variety of personal, family and tax planning goals. It typically lets you retain complete control of trust assets during your lifetime, but it also lets you appoint someone who will manage your assets for you, either during your lifetime or after your death. A revocable living trust can be very helpful for someone who becomes disabled, needs help in managing all the details of his or her financial affairs, or someone who wants to delegate those tasks to someone else as a matter of convenience.
With a comprehensive estate planning strategy, it is critical that clients understand everything involved with these strategies to help preserve and distribute their wealth, on their terms. Here at Magellan Financial, we are able to assist with all of the questions you may have regarding estate planning strategies, whether it be questions about an estate plan for your family business or questions about estate tax planning strategies.
For more information regarding the different estate planning and trust services we provide, contact the wealth management team at Magellan Financial.
Trust services available through banking and trust affiliates in addition to non-affiliated companies of Wells Fargo Advisors. Wells Fargo Advisors and its affiliates do not provide legal or tax advice. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state. Transactions requiring tax consideration should be reviewed carefully with your accountant or tax advisor.