Destiny Wealth Partners Launches Destiny Private Trust to Bring You World-Class Trust Services
We are excited to announce that Destiny Wealth Partners, RIA for Ruggie Wealth, Destiny Family Office and KCG Investment Advisory Services, has expanded our trust solutions for clients whose financial, family or business needs require the services of a corporate trustee, with the launch of Destiny Private Trust, a Trust Representative Office of National Advisors Trust Company (NATC).
Destiny Private Trust reflects an evolution of the breadth and depth of comprehensive wealth management services our firms are already offering our clients and their families through every life stage and across generations.
With $10+ billion in assets under administration, NATC is the largest advisor-owned, independent trust company in the U.S. It is nationally-chartered and regulated by the Office of the Comptroller of the Currency, (a bureau of the U.S. Treasury Department), and is a member of the Federal Deposit Insurance Corporation.
Your Destiny Private Trust advisor and your estate planning attorney can create a solid, effective estate plan that helps you minimize estate transfer and gift taxes while providing a flexible trustee solution. Together, we help improve the overall transfer of wealth between generations, and help you remain confident about the future of your estate.
Your estate planning professional can work with you to recommend and establish the appropriate trust. He or she will choose Destiny Wealth Partners as your investment advisor and Destiny Private Trust as a corporate trustee, co-trustee or agent for trustee. Families can retain as much involvement and responsibility with the trust as desired.
Individuals sometimes appoint themselves, a family member, attorney, or family friend as trustee of their trusts. We know there’s no one-size-fits-all trustee solution that works for every situation. For many individuals, the administrative aspects of serving as trustee are time consuming, challenging and can carry risk. It may be difficult to ensure compliance with the trust document.
By appointing Destiny Private Trust to act as the agent, the trustee will still retain fiduciary responsibility, while the trust company provides asset custody, trust-style statements and trust officer support.
Destiny Private Trust works directly with the trustee to manage trust assets, help perform trust administration duties as outlined in the trust document, such as distributions, statement production, tax reporting and bill paying and achieve the stated financial objectives.
For more information, talk with your Ruggie Wealth Advisor.
Trust Services Include:
- Revocable Trusts
- Charitable Trusts
- Irrevocable Trusts
- Agent for Trustee
- Special Needs Trusts
- Marital Trusts
- Bypass Trusts
- Generation Skipping Trusts
- Dynasty Trusts
- Irrevocable Life Insurance Trust
- Qualified Terminable Interest Property