# Legal & Financial Planning — Trust Companies

- Independent fiduciary chartered by the state, audited by 3rd party — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

- Corporate trustee takes over when both parents die — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

- Wells Fargo won't administer a trust < $2M; **[Assured Trust](https://assuredtrustcompany.com/) has no minimum** — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

- Administration tools: Debit cards with spending restrictions (e.g., TrueLink card) — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

- Spending philosophy: Trust funds should be **used** for beneficiary's lifetime, not preserved for max growth — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

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