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ADVANTAGES
OF A TRUST
RICHARD T.
HOWARD
INTRODUCTION
 Newport, CA, resident Richard T. Howard leverages nearly a decade of experience in trust
administration as a facilitator for Masters Copyrights, LLC. As a trust facilitator, Richard T.
Howard manages trust services at CDAMT in Newport Beach, CA, where he has served
over 1,100 clients.
A trust refers to a legal entity that allows assets to be transferred or managed by a third
party. A type of fiduciary relationship, a trust involves a settlor, a trustee who manages
the trust, and a beneficiary who benefits from the trust. Trusts provide benefits such as
probate savings and wealth protection. However, Masters Copyrights offers a specialized
spendthrift trust with additional benefits.
Spendthrift trust benefits include simple setup and administrative requirements that
effectively reduce or eliminate fees. In addition, they provide privacy due to their
irrevocable nature and the fact that no governmental reporting is required. When used
properly, spendthrift trusts also protect against personal bankruptcies and are
impenetrable by creditors and governmental agencies.
For further information on spendthrift trusts, visit www.masterstrust.com.

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Advantages of a Trust

  • 2. INTRODUCTION  Newport, CA, resident Richard T. Howard leverages nearly a decade of experience in trust administration as a facilitator for Masters Copyrights, LLC. As a trust facilitator, Richard T. Howard manages trust services at CDAMT in Newport Beach, CA, where he has served over 1,100 clients. A trust refers to a legal entity that allows assets to be transferred or managed by a third party. A type of fiduciary relationship, a trust involves a settlor, a trustee who manages the trust, and a beneficiary who benefits from the trust. Trusts provide benefits such as probate savings and wealth protection. However, Masters Copyrights offers a specialized spendthrift trust with additional benefits. Spendthrift trust benefits include simple setup and administrative requirements that effectively reduce or eliminate fees. In addition, they provide privacy due to their irrevocable nature and the fact that no governmental reporting is required. When used properly, spendthrift trusts also protect against personal bankruptcies and are impenetrable by creditors and governmental agencies. For further information on spendthrift trusts, visit www.masterstrust.com.