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How should I store my Trust Documents?

It is very important to store your trust in an access-controlled fireproof safe. Your successor trustee should know about this and have access in the event they need to access it. 

Access control is important because you don’t want your Trust to end up in the wrong hands. This opens up the possibility of your Trust being forged, damaged, lost or stolen.

If your Successor Trustees don’t know where your Trust is or how to access it, and something happens to you, your Trust doesn’t “physically” exist unless the original documents are surfaced. In order for trust instructions to be executed defensibly, your successors need to have access to the original documents and instructions.

With Dynasty Advantage, we handle the secure storage for you in bank-grade vaults and make sure your successors will have access when/if they need. As well as storing a digital copy within your account.

Storing your Trust documents digitally offers several advantages that can improve organization, accessibility, and security. Some of these benefits include:

  1. Easy access: Digital storage allows trustees, beneficiaries, and other authorized individuals to access trust documents from anywhere. This can be especially useful for those who have successors and beneficiaries living in other States…
  2. Reduced physical storage: Storing trust documents digitally eliminates the need for physical storage space, which can be costly and take up valuable real estate. This also reduces the risk of documents being lost or damaged due to fire, water, or other hazards.
  3. Enhanced security: Storing Digital with Dynasty offers advanced security measures, such as encryption, and multi-factor authentication, to protect sensitive information from unauthorized access or theft. Moreover, digital storage allows for easy implementation of access controls and monitoring, ensuring that only authorized individuals can access the documents.
  4. Simplified sharing and collaboration: Digital storage makes it easier to share documents with relevant parties, such as attorneys, accountants, or family members, without the need for physical copies. This can streamline communication and collaboration among those involved in managing the trust.
  5. Reduced environmental impact: By storing trust documents digitally, you can reduce the need for paper, ink, and other resources associated with printing and storing physical copies, thus minimizing the environmental impact.
  6. Version control: Dynasty Digital storage allows for easy tracking of Trust changes. This can be particularly useful when making changes to Trust details and needing to compare with older versions.
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What is a Trust?

A Living Trust is a financial tool that lets you plan, organize, and protect your life. It’s a personal entity that allows you to add assets and plan out your inheritance. Eliminating legal battles, cost, and time spent by your loved ones. 

Think of it like a personal LLC that you put everything you own in. Except it doesn’t protect you from liability like an LLC does, it protects you from probate and conservatorship. 

Probate is the complicated court process (12-18 months) where a judge decides what happens to your assets after you die, become incapacitated, or are “deemed” incapable. Creating a living trust allows your assets to completely circumvent probate and immediately transfer to your loved ones. 

In addition to being able to name heirs (your beneficiaries), a Trust also allows you to assign someone to manage it (your successor trustee). Instead of going through probate, your Successor Trustee takes control of the Trust, handles your affairs, and distributes your assets according to your instructions. The person you select as Successor Trustee should be your most trusted person. Like a best friend or closest family member.

At Dynasty, we believe everyone should have a Living Trust. If you have children, assets, or plan to acquire assets in the future, you should create a Trust. That way when you buy your next home, open a bank or brokerage account, get startup shares, etc. – you can immediately title them in your trust.