Valley First

What is a "trust"?

A trust is a way to hold and protect your assets for a spouse, child or disabled dependant while sparing them from expenses, paperwork and time. A trust is overseen by a trustee; a person or company who manages your assets, or estate, when you’re no longer able to, and administers them on your behalf. A trustee will ensure your trust is properly taken care of and carried out according to your wishes.

Why would you want to set up a trust?

Here are a few reasons why you might need a trust:

  • To give a gift to a minor from your estate to be used for a specific purpose, such as paying for their education when they enroll in university
  • To ensure the financial well-being of your spouse or a disabled dependent after you pass away
  • As a means to hold ownership shares in your company after you pass away until the next generation is ready to receive them
  • To give a charitable donation in your name after your death

Helpful resources

How can we help you set up a trust?

We’ve partnered with Concentra Trust to offer you professional trust services. Concentra has the knowledge and skill to offer you trust solutions that will meet your needs—no matter how complex. Make an appointment to speak with a financial planning expert for guidance at your nearest branch today.


More on trusts

How do I choose a trustee?

What is my role as a trustee?


Talk to us

Whether you’re looking for more information, or you’d like our help in setting up a trust, you’ll find our contact information here.


We encourage you to visit one of our branches for more information on how Valley First can make things simple!


Our partner in providing Trust and Estate services