Northwestern Mutual

Trust Services

Ensure that the assets you’ve worked so hard to accumulate are managed and distributed according to your wishes during your lifetime and beyond. 

Trust Services

What are the benefits of trust services?

Trusts help you ensure that your assets are managed according to your wishes and pass to your beneficiaries intact. Trusts also can help you and your family carry out tax strategies to help you keep more of the assets that you have worked so hard to accumulate.

Additionally, trusts serve many other purposes, including:

  • Maintain privacy while avoiding court guardianship and probate procedures.
  • Provide long-term income to family members without the burden of managing assets
  • Help ensure wise spending decisions to protect against unintended depletion of assets.
  • Decrease the pain of estate or inheritance taxes.
  • Potentially protect assets from future creditors, including those resulting from lawsuits or divorce.
  • Maintain assets for multiple generations, leaving a legacy for children, grandchildren, and great-grandchildren.
  • Facilitate charitable giving while continuing to provide for family members.

Why choose Northwestern Mutual as trustee?

Northwestern Mutual can serve as trustee, co-trustee, or successor trustee for a wide range of situations where an individual trustee might not provide a similar level of service:

  • Investment management with a level of professionalism and expertise that few individuals can match.
  • Continuity of stewardship that can endure for generations.
  • Preserve family harmony when carrying out intentions that might be unappreciated by beneficiaries.
  • Detailed reporting and record-keeping:
    • Continuous management and supervision of investments
    • Regular reports of investment performance
    • Trust income fiduciary tax reporting
    • Annual summary of data for beneficiaries' tax preparers
    • Principal and income accounting

Northwestern Mutual provides services for a wide range of trusts, including;

  • Revocable Living Trusts
  • Testamentary Trusts
  • Irrevocable Life Insurance Trusts
  • Charitable Remainder Trusts and Lead Trusts
  • Generation Skipping Trusts
  • Grantor Retained Annuity Trusts or Unitrusts
  • Marital and Credit Shelter Trusts

What type of trust is right for me?

Since needs are so different, so are the trusts that serve them. A consultation with your attorney and a Northwestern Mutual wealth management advisor is one of the best ways to determine what type of trust is best for your situation.  

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