Cadence specializes in helping families to effectively manage settlement and judgment awards for minors and incapacitated adults.
Court-created trusts also can be designed to ensure a minor or incapacitated adult receives money awarded from a settlement or judgment when there is no guardian in place.
Court-created trusts can be competitive alternatives to:
- Registries of the court
A court-created trust offers flexibility as needs and markets change, along with asset protection that balances present and long-term needs.
They provide for distributions without the expense of court involvement, professional money management, a competitive return on investment and accurate trust accounting. An additional advantage is the avoidance of liability/malpractice issues.
Perhaps best of all, any remaining principal can be returned at the end of the trust duration, unlike the payout system of most annuities.
Contact a Cadence Trust Specialist to learn how a court-created trust can protect and manage your assets.