---
title: Legal & Financial Planning — Trust Companies
scope: TODO_SCOPE
covers:
- trust
- able
- guardianship
- estate
not_covered: []
sources:
- 20250921_Assured_Trust_Legal_Tools
- 20260719_Tyler_Davidson_Financial_Picture
last_updated: '2026-07-19'
token_estimate: 397
parent: https://fwmparents.org/resources/legal-financial-planning/index.md
---

# Legal & Financial Planning — Trust Companies

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

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

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

- Trustee options vary widely: some bank trust departments carry high minimums (e.g., $2M) and vary in special-needs familiarity; an independent trustee with a lower minimum that lets the family's outside advisor stay involved is worth considering. A family member can serve, but may be better as an *advocate* than as the *gatekeeper* to the money — *[Tyler Davidson, Jul 2026](https://fwmparents.org/sessions/20260719_Tyler_Davidson_Financial_Picture/notes.md)*

---

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