Partnering to protect your legacy.
With a personalized plan for everyone, we care for and build upon both new and established relationships. We truly value everyone we have the honor of serving, and as a Fiduciary, our client’s needs and interests always come first.
From providing trust administration as a corporate trustee to engaging with non-clients in trust consultations, Story has the capabilities to help protect your legacy. We provide value and expertise in the areas of Estate Planning and Trust Administration by serving as trustee or agent for all kinds of trusts including:
Revocable Trusts
A revocable trust is a flexible estate planning tool that allows the grantor to alter or cancel the trust’s provisions during their lifetime, bypassing probate in the event of the grantor’s death.
Irrevocable Trusts
An irrevocable trust moves assets from the grantor’s control and name, protecting the assets from creditors and reducing the value of the grantor’s estate, lowering estate taxes. Irrevocable trusts can’t be modified, amended, or terminated without the permission of the grantor’s beneficiary or by the order of a court.
ILITs
An irrevocable life insurance trust (ILIT) cannot be rescinded, amended, or modified, post-creation. ILITs are constructed with a life insurance policy owned by the trust. Once the grantor contributes property or life insurance death benefits to the trust, they cannot change the terms or reclaim any of the properties held within.
Special Needs Trusts
A special needs trust allows a disabled or chronically ill person to receive income without reducing their eligibility for the public assistance disability benefits provided by Social Security, Supplemental Security Income (SSI), or Medicaid. The trust supplements the beneficiary’s government benefits but not replace them.
Marital Trusts
A marital trust exists for the benefit of a surviving spouse and married couple’s heirs. Also called an “A” trust, a marital trust goes into effect when the first spouse dies.
Family Trusts
A family trust can be used to create a financial legacy for years to come. There are several benefits, including ensuring that family members receive your wealth and avoiding public disclosure of trust assets.
Asset Protection Trusts
An asset-protection trust can help older adults in need of nursing care pay the costs of assisted living or skilled nursing facilities and at-home help.
And many more
Partner With Story
Story has the capacity to partner with a Financial Advisor, CPA, and/or Estate Planner. We have established relationships to provide options of experienced experts in all areas of estate planning.
