Settlement Protection Trusts - Trustee Services Group

Safeguarding Your Wealth and Family

A Trust that Protects You

Whether you have received a personal injury settlement, or other lump sum payment, a settlement protection trust (SPT) can be an essential tool in preserving your financial security. The purpose of this trust is to protect settlement funds from creditors, support responsible spending, and/or to maintain eligibility for public benefits programs such as Medicaid or Supplemental Security Income (SSI).

With a settlement protection trust, the settlement funds are put into a trust to ensure the beneficiary is properly cared for. As trustee, Trustee Services Group, works closely with the beneficiary and their support team to ensure the care of the beneficiary is appropriately addressed.

Affectionate senior couple in autumn park

Asset Management & Family Provision

How does a Settlement Protection Trust Work?

Settlement protection trusts are unique because they are enacted while the trust creator is still living. SPTs are specifically created to manage and distribute funds received from a personal settlement to address the long term needs of the beneficiary.

The trustee works closely with the beneficiary to ensure the trust resources are appropriately managed and distributed pursuant to the trust terms. Provisions can be educational, health-related or a timeline of disbursement, such as monthly or yearly installments to support the care and needs of the beneficiary.

Trustee Services Group

Safeguarding Family Wealth and Relationships

We know it can be difficult to navigate the trust and estate planning process. Your legacy is unique and so is your situation. That’s why we at Trustee Services Group come alongside trust creators, beneficiaries and their advisory team early in the process.

With decades of experience stewarding trusts for families of meaningful wealth, we know what’s most important to wealth holders, trust beneficiaries, and the client-chosen wealth advisory team.

Not Your Typical Trust Organization

What Makes Us Different

Responsive

We work direcly with our cleints. We strive to return all communication within 24 hours of the workday receipt. We do not hide behind committees.

Family-Focused

We exist to help families successfully navigate the complexities of family wealth, not just perform Trust administration.

Independent

We are privatly owned. We have no conflicts of interest, we do not offer investment management services and have no financial products to sell.

Collaborative

We work collaboratively with the family’s team of trusted professionals.

TESTIMONIALS

What Our Clients Say About Us

We believe our client association should be based upon a trusted partnership as opposed to an imposed relationship. We put relationships first and the rest follows. Advisory teams and families count on us to collaboratively support their unique needs.

D.B.

Financial Advisor

“I’ve been privileged to work with Steve Marken and see him serve as a Trustee of complex trusts with potentially difficult family dynamics. He is an expert communicator and mediator that looks out for the best interests of everyone involved.”

A.W.

Attorney

“As a local estate planning attorney, I frequently refer clients to Trustee Services Group. I constantly receive positive feedback from my clients, who love TSG’s relationship-based approach and effort to use inheritances to enrich rather than ruin beneficiaries’ lives. As a professional, I appreciate their understanding of fiduciary responsibilities and knowledge of the important legal and tax issues involved with each plan.”

B.H.

Financial Advisor

“I’ve been helping people with complex trust planning for nearly 30 years and searched long and hard for a truly independent trust service provider that understands the technical aspects of the planning, and the relational and emotional issues as well, and found a perfect match with TSG. They have given me a tool that has come in handy for many ‘right fit’ situations. I am thankful I met Steve and his group when I did. Their services help set us apart in our planning.”

L.S.

Client

"Steve made it a priority to get to know me and my goals, so that he fully understood how he and his team could help. Today, tomorrow, and 10 years down the road. We're extremely fortunate to have Trustee Services Group in our corner. The level of service is unparalleled. It's the genuine care -- the sincere interest in my life, though that has solidified our relationship. Steve has personally helped me define short- and long-term goals -- not only for my finances, but also for my life."

L.S.S.

Client

"Having no one to leave any of my worldly goods to, when I was making out a new will, my attorney told me about Trustee Services. You hire them to be your "family member" who takes care of your wishes. It's better than actual family, since you don't have to feel like you are imposing on them. Steve and his team do a wonderful job and make you feel like you are part of their family. A great weight was lifted off my shoulders when I signed up with them. I no longer feel alone."

N.P.

Client

There are absolutely NO firms like you . . . anywhere in Florida; honestly, very few around the United States!

A.K.

Client

I so appreciate the resources Trustee Services has provided! I had started legacy letters already, and when one of my brothers became very ill, I was able in short order to send him a letter of appreciation and admiration, just a couple weeks before he passed away, and I am so glad I was able to tell him those things.

K.P.

Client

I really appreciate everything you [TSG] did for me. I certainly would not have been as kind and patient. Your professionalism and grace was above and beyond. I know I am lucky you are on my side. If not for you I am sure this would have turned into a conflict.

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