Legacy Trust
What is it?
The Legacy Trust Plan is a long term strategy that incorporates comprehensive asset management and long-term liquidity solutions to help address under funded pension and health care liabilities.
How does it work?
A master funding trust is set up to contracts of insurance on eligible employees. This trust funds all of the premiums and transaction costs. At death, the funding costs are paid off and the balance of the proceeds are paid to the client to help fund pension and heath care costs.
The Legacy Trust Plan is a long term strategy that incorporates comprehensive asset management and long-term liquidity solutions to help address under funded pension and health care liabilities.
How does it work?
A master funding trust is set up to contracts of insurance on eligible employees. This trust funds all of the premiums and transaction costs. At death, the funding costs are paid off and the balance of the proceeds are paid to the client to help fund pension and heath care costs.