According to Caring.com, approximately only 42% of Americans have a will or a living trust. Trusts are ways that you can help to build equity for other people on their behalf. There are a couple of different types of trusts and a delegated trust is one of them. In this article, we are going to take a look at delegated trusts.
A delegated trust is characterized by the fact that the trust company will place an advisor on your account to make investment decisions. The owner of the trusts still has control over the account and can decide to change who the advisor is. The important part about delegated trusts is that they are a way that you can build more equity over time.
If you are interested in creating a delegated trust, it is a good idea to search online for the best trust companies. Make note of the trust companies that have the most positive reviews from their clients. Use this trust companies list to make your final decision. Don’t be afraid to have a consultation with multiple different companies until you make your final decision.
Overall, delegated trusts are a great investment decision if you are looking to start a trust.