The Holiday Gift That Keeps Giving: A Savings Trust

Posted by Ned Armand, President of Eastern Point Trust Company on Dec 9, 2015

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Kiss Trust wants to make your holiday season the best it can be, for you and your family. You're now able to create the most thoughtful gift for $20 to give to the one's that you love the most.

 Key Takeaways

  • Gifting a savings trust to a loved one this holiday season could be the most endearing gift that they receive, which will benefit them for an entire lifetime.
  • You can start a Kiss Trust for only $20 for the holidays.
  • Creating a Kiss Trust can take as little as an hour, for less than what you may have planned to pay on other gifts.

 

Choosing The Perfect Gift

The Lifespan of Your Gift

This holiday season, Americans will scramble to find their family the perfect gift. Not you. You have had the perfect gift picked out since September, but ask yourself this, “How long will my gift be useful to whomever I give it to?” It may seem like a sensible question, but it is hard to truly answer it. Sadly, this holiday season, Americans will pour billions of dollars into gifts that will inevitably be unused sooner than they think.

Extending Your Gift’s Lasting Benefit

Very few people will actually give a gift this season that can change someone’s life. For those who do, it makes for a wondrously special moment. Seeing a loved one’s face flood with happiness and emotion is priceless. That happiness, however, can last a lifetime when they receive a holiday trust fund.

The (Truly) Perfect Gift

A trust fund gift is thoughtful and endearing, which will benefit the recipient for years to come. There is not a better way to display your love and care for an individual than gifting a trust. According to a study conducted by the Center for a New American Dream, 4 out of 5 Americans think that the holidays are too materialistic. It is now a better time than ever to gift a holiday trust, since Americans see the value of savings plans, opposed to traditional material gifts.

 

The Lasting Benefits of a Trust

Endearing, Personal, and Homemade

If you were thinking about merely gifting a trendy tech gadget, which risks rapid obsolescence, or a thoughtless gift card this holiday season – think again! Gifting a holiday trust offers many life and financial benefits, but it also provides emotional benefits for those receiving it. Gifting a trust shows that you spent more time than buying an object at the store, it shows that you put more thought into it, and it shows that you care more about your beneficiary. What they may not know is that you created the trust in as little as an hour for under $50 using Kiss Trust.

Kiss Trust Investment Options

A Kiss Trust offers thousands of investment options. These options can cater to the savvy investor, with thousands of professionally managed mutual funds and ETFs, and even those with no investing experience with provided index funds that model market funds such as the S&P 500. Everyone can begin to grow their trust using Kiss Trust investment options.

Kiss Trust Distribution Options

A Kiss Trust is fully customizable to the needs of each individual trust. There are hundreds of distribution options, making for thousands of combinations, that will ensure that your trust is being used exactly how you want. Choose the criteria that the beneficiary has to meet before receiving distributions. Each trust is managed and protected by professional institutional trustees, so you know that your trust will benefit your beneficiary for years, or even generations, to come!

 

Start Giving (And Keep Giving) 

Creating a Kiss Trust can take as little as an hour, for less than what you may have planned to pay on other gifts. The process is simple, and our esteemed support team will assist you whenever you need it. Start your holiday trust today for $20 ($29 off the standard price).

Give The Gift Of A Lifetime Start Today And Receive 60% Off

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Tags: Savings Trust, Gift Trust

The Versatile Savings Trust

Posted by Ned Armand, President of Eastern Point Trust Company on Nov 21, 2014

Trusts are legal documents or arrangements that provide for the ownership, management and distribution of property.

You can think of a trust as a jar into which you can place assets such as currency, stock, or practically any type of property. The individual originally placing property into a trust is called the Grantor. Individuals subsequently placing property into an existing trust are called Giftors. The Beneficiary is the one who will ultimately benefit from the trust. The company or person(s) that oversees the property in the "jar" (or trust) is called the Trustee.

Savings Trust, Kiss Trust, Irrevocable Trust

The Trust

Savings Trusts can be created at any time for any individual, but the more time allowed for assets to be accrued in the trust, the larger the increase through investment returns before distribution. Trusts are not always used as estate planning tools. In fact, one of the most popular alternative uses for a trust is to act as a savings entity wherein the trust protects and distributes assets throughout the beneficiary’s life based on the conditions established by the Grantor.

Adaptable for the Future

With a savings trust, a Grantor must first have the trust language drafted by retaining an attorney or by using an online trust creation platform. Once the trust is created, the Grantor customarily places an initial gift into the trust and sets distribution schedules which ultimately “divvy out” the assets accordingly throughout the lifetime of the Beneficiary.

A savings trust can even be created for a child before it is born. This is a particular advantage over the other saving options, since you can create the trust ahead of time to get a jump start on savings, whereas with conventional saving options the child must be born before the accounts are created.

The True Multipurpose Savings Tool

This simple concept can afford beneficiaries a stable stream of income, or pool of assets to meet large needs like education expenses, with the asset’s use pre-determined by a legally binding entity (the trust) and oversight of a Trustee. This prevents possible squandering of the resources by the Beneficiary, and protects the assets from creditors, ex-spouses, and liens against the Beneficiary.

Common Uses for a Savings Trust Are:

  • Long-term savings platform

  • Education savings

  • First-time home purchase

  • Incentivizing good behavior and academic performance

  • Scheduling distribution of assets to provide a secure and steady stream of income/provide gifts of assets for life events or at a time the Grantor deems appropriate

  • Providing a financial safety net

  • Providing a secure network for friends and family to assist financially
     
  • Enabling a deterrent channel for bad behavior by penalizing criminal activity or other undesirable behavior with the withholding of assets

  • Creating a foundation of financial savings for multiple generations and their heirs

The customizable and secure allocation options that are used in trusts provide one of the most secure and powerful methods of flexible and customizable financial planning for the future. To find out if a trust is right for you, download your FREE irrevocable savings trust assessment checklist below.

Download Your FREE Savings Trust Checklist!

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Tags: Savings Trust

Kiss Trust

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Kiss Trust is the only patented total trust solution in America. Kiss Trust Is a self-help trust creation tool with integrated trustee services and access to over 5,000 mutual funds, 1,000 ETFs and a brokerage account with stocks and bonds. Kiss Trust lets you create a powerful custom irrevocable trust without the expense and trouble of hiring an attorney.

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