Trusts

TRUSTS: Who needs them? And when should you consider investing? Trusts can help preserve wealth for future generations or benefit worthy causes. They can be an important aspect of estate tax planning to help shelter wealth from taxes, creditors and even spendthrift family members. BENEFICIARY HOW TRUSTS WORK : RECEIVES a TRUSTEE BENEFIT FROM GRANTOR THE TRUST MANAGES TRUST CREATES TRUST Trusts are taking on increased significance in the face of great tax uncertainty. Why? Estate and gift taxes are set to expire at the end of 2012. If rates return to what they were in 2001, wealthy households will contribute a much larger portion of their estate to taxes. EXAMPLE OF A WORST CASE SENARI* : ESTATE = $10 Million TODAY ESTATE TAXES - $1.75 Million ESTATE = $10 Million 2001 RULES ESTATE TAXES = $4.95 Million *calculations for an individual with an estate worth $10 million So should estate taxes increase, investments like trusts that can grow tax-free or tax-deferred will become more critical for wealthy households. Who has trusts? America's wealthiest households are most likely to have trusts. HOUSEHOLDS WITH TRUSTS NET WORTH* OF NET WORTH* OF 31% $1 - $5 MILLION 63% $25 MILLION OR MORE *net worth not including primary residence Which banks are the largest personal trust providers? The firms below are the ones investors turn to most. Bank of America O PNC CHASE O WELLS FARGO cítibank Northern Trust usbank BMO Harris Bank STATE STREET BNY MELLON A M&T Bank SUNTRUST Spectren's MILLIONAIRE CORNER BROUGHT TO YOU BY MILLIONAIRE CORNER FOR INVESTORS