Discover the Benefits of a Goldstar Trust
Justin Fitzpatrick- A goldstar trust is a type of irrevocable trust created to hold physical gold.
- The assets in such a trust are not directly owned by the person who created it, but rather a trust company.
- Goldstar trusts are a type of irrevocable trust created to hold physical gold.
A goldstar trust is a type of irrevocable trust created to hold physical gold. The assets in such a trust are not directly owned by the person who created it, but rather a trust company. A goldstar trust can be a good alternative to a gold IRA, but it depends on each person's financial situation.
Understanding Goldstar Trusts
Goldstar Trusts allow you to own physical gold, silver, platinum, and palladium bullion without the costs of storing them yourself. The trust is bought by investors and then leased to them, which allows the individual to "own" the gold, silver, platinum, or palladium without the costs of storage.
Goldstar Trusts are considered OEICs (open-ended investment companies), which are a type of investment company that issues shares to the public.
These companies invest in a range of different assets, including gold, silver, platinum, and palladium.
The trusts are generally owned by banks and financial institutions rather than private individuals.
Who Benefits from Goldstar Trusts?
The trust is best suited for investors who do not want to store bullion themselves.
These trusts are useful for investors who do not want the hassle of physically storing gold, silver, platinum, or palladium.
Investors who want exposure to precious metals without buying and storing physical bullion will appreciate a goldstar trust.
This type of trust is also suitable for investors who want to hold gold, silver, platinum, or palladium without using an allocated precious metals account.
The trusts are best suited for investors who don't mind paying storage fees and who don't want to own the physical bullion.
Goldstar Trusts are not appropriate for the buy-and-hold investor because each trust is traded on the stock exchange.
Goldstar Trusts: An Overview
Goldstar Trust Company, located in the State of Delaware, is a well-established player in the trust industry, operating in over 40 states. Established in 1968, Goldstar Trust serves more than 100,000 clients and owns over $1.6 billion in assets.
Goldstar Trust provides several trust services, including trust administration and investment management. When it comes to establishing a trust, Goldstar Trust offers two types of trusts:
Traditional trust: This type of trust allows you to appoint a trustee to manage the trust, as well as select beneficiaries.
Bypass trust: A bypass trust allows one trustee to manage the trust, making distributions to the beneficiaries.
Additionally, Goldstar Trust offers the following trust options:
Private trust: This type of trust allows you to appoint a private trustee to manage the trust, as well as select beneficiaries.
Private family trust: This type of trust allows you to select a private trustee to manage the trust, as well as select beneficiaries.
Living trust: This type of trust allows you to select a private trustee to manage the trust, as well as select beneficiaries.
In 2013, Goldstar Trust established a private wealth management service, which offers the following services for its clients:
Asset allocation: This service helps investors build and manage a portfolio based on factors such as age and risk tolerance.
Estate planning: This service helps investors plan their estate and pass on their assets to their heirs.
Tax planning: This service helps investors plan their taxes.
Goldstar Trusts: An Example
A typical Goldstar Trust Agreement grantor will probably grant the trustee the power to:
Make disbursements of income to the trust beneficiaries.
Make disbursements of principal to the trust beneficiaries.
Make disbursements of income to the trustee for distribution to the trust beneficiaries.
Make disbursements of principal to the trustee for distribution to the trust beneficiaries.
Make any other disbursements permitted by the trust instrument, including the payment of fees and expenses.
How the Goldstar Trust Works
The Goldstar Trust (GLTR) is a trust that is backed by physical gold. Goldstar Trust provides investors with all the benefits of owning physical gold, without having to maintain the physical bullion themselves.
The Goldstar Trust offers investors several benefits, including:
Diversification
Low management fees
No storage requirements
No complicated paperwork
No worry about theft or loss
The Goldstar Trust is backed by physical gold. The gold backing the trust is carefully selected by Goldstar's trusted and vetted bullion dealers. The gold backing the trust is fully insured and audited regularly.
