Trusts are valuable tools which allow you to exercise control over your family legacy which would not otherwise be possible. Instead of leaving all of your assets outright to one individual, for example, placing those assets in a trust will allow you to provide benefits to multiple beneficiaries. There are a myriad of uses of trusts. Your relationship officer at the Pacific Portfolio Trust Company can explore their many uses to prepare you for a planning session with your other advisors such as CPAs and attorneys.

Because a trust allows you to control how your assets are managed both during and after your lifetime, people with special circumstances, such as those who are caring for a child or family member with special needs, or managing succession planning for a closely held business, find it to be a very appealing option. A trust even allows you to specify certain conditions that must be met in order for a transfer of assets to be completed.

We specialize in the below types of trusts which are in common use today:

• Living Trust
• Credit Shelter, or By Pass Trust
• IRA Rollover
• Grantor Retained Annuity Trust (GRAT)
• Charitable Trusts
• Qualified Personal Residence Trust (QPRT)
• Qualifying Terminal Interest Property (QTIP)
• Special Needs Trusts
• Spendthrift Trusts

While each family’s situation is unique, the short answer is often "No" to both questions. Naming someone already known to your beneficiaries, and whom you trust, doesn’t mean they are the appropriate party to name as your fiduciary. Do they have the expertise and time to manage your trust? Can they remain impartial if they too are named beneficiaries?

At Pacific Portfolio we have specialists in all of the fields necessary to properly manage trusts, and the desire to serve your interests over multiple generations. We are locally owned and managed, so we can develop close relationships with you and your beneficiaries. Our fees are inclusive, meaning they cover the costs of investment advice, custody, accounting, and fiduciary services, which is more efficient and cost-effective than contracting for each separately.

Aside from costs, we believe that our investment expertise would be hard for any private Trustee to match. The “opportunity cost” of an inefficient trust investment portfolio could have a huge impact on whether or not your trust lives up to your expectations. We can structure a portfolio that balances risk and return and matches the objectives set out for your trust. Properly managed, your portfolio should cover all of your expenses, while maximizing long-term results.