Revocable & Irrevocable Trusts
Choosing Northwestern Mutual Wealth Management Company as your trustee or co-trustee ensures competent, objective trust administration and expert investment management that can provide financial growth and security for your family.
A revocable trust allows for the professional management of your assets for you and your family during your lifetime and following your death. This type of trust helps you avoid the costly and time-consuming process of probate and ensures that your beneficiaries are provided for in a timely manner.
An irrevocable trust allows for the professional management of your assets and allows you to make tax-free gifts to the trust, up to certain limits, that can grow free from estate tax for the benefit of your heirs.