Have you ever heard the term ‘directed trust’? Are you uncertain what directed trust states are? If so, this video is focused on introducing directed trust and helping people better understand just how helpful it can be in managing their own finances. This video from Bridgeford Trust Company breaks down the basics of directed trusts and how it works.
Directed trusts are an exciting change that has helped people across the country better manage their assets and keep them separate.
A directed trust is a type of investment trust where the trustee is advised by multiple trust participants when it comes to executing the trust. Directed trusts essentially unbundle the traditional services that used to be bundled together. This allows for you to have your choice of trust administrators and asset managers. This new and dynamic change is becoming commonplace among trust companies, as it makes the process better for the trustee.
Many companies offer directed trust services to clients all across the country. They have been very successful in using this vehicle to help their clients achieve their financial goals. It is important to do your own research to learn more about directed trusts and how they can help you to manage your finances today.