Trusts are excellent estate planning tools that have gained in popularity in recent years. The reasons why are clear. Trusts can be tailored to meet your specific needs. In addition, they can offer benefits over other estate planning tools – namely long-term savings and added privacy.
We’ve established trusts for a wide range of clients. And in every case, we’ve done it with our trademark attention to detail and commitment to the needs of the people we serve.
In addition to convenience, privacy, tax savings and potential reduced probate expenses, a MainSource trust offers you:
Testamentary Trusts - Established under the terms of a will, the testamentary trust helps spouses, children and other beneficiaries by providing financial security and freedom from unfamiliar and burdensome responsibilities. We manage the assets, preserve or expand the asset base and provide flexibility to meet emergencies as they arise.
Living Trusts - Living trusts provide financial security during your lifetime, and then continue serving your family and other beneficiaries after your death. The living trust may be "revocable" (you may change or terminate it at any time). Or it may be "irrevocable" (you give up the right to terminate or change the trust). In either case, planning and wording are carefully framed with your property and the needs of your family in mind.
For more information about any of these services, contact us today.