Kiss Trust Eliminates the Barrier for Expecting Parents to Create a Savings Account for an Unborn Child
Bel Air, MD October 11, 2013
Kiss Trust has announced, as part of its newest service, the ability for expectant parents, grandparents or friends of the excepting couple to create a children’s savings trust for an expected unborn child.
With all other children savings products on the market today: Uniform Gift to Minors Accounts (UGMA), Uniform Transfer to Minors Accounts (UTMA) and 529’s, the family must wait until the child is born and they have obtained an SSN for the child in order to open the account in the child’s name. This prevents families from getting a head start on saving for the child.
“Kiss Trust has once again demonstrated its status as the leader in trust innovation,” Floyd Simeon, Chairman of Eastern Point Trust Company, said. “For the first time it is now practical for parents, grandparents and family friends to create a children’s savings trust for an unborn child without needing the child’s SSN.”
Baby Showers / Social Savings Networks
Many families across the country have already started using the new feature to create Kiss Trust baby showers by combining the Kiss Trust Friends and Family feature which allows anyone to make a gift into the Kiss Trust of the expected child.
In turn, many of the expecting families are creating social savings networks within their extended families to get a head start on saving for their expected child’s future needs. Family members or friends making gifts have the serenity knowing the money is protected and can only be used for the child’s future needs, (such as education).
Simeon further observed, “Our pioneering trust design accounts for every possible outcome which could arise in life. As such, even couples who are not yet expecting can create a trust with peace of mind.”
The patented real time children’s savings trust creation platform, along with the integrated professional trust administration provides an affordable way for parents, grandparents, families and friends to create, control, and manage a savings trust for an expected or newborn child.
For only $49.00, users can now use the http://www.kisstrust.com system in a variety of personal situations including: children’s trust, family trust, simplified estate planning, child support trust, legacy trust, court ordered trusts, restrictive trusts, college saving trusts, inheritance trusts, preservation trusts, memorial trusts, Coogan Trusts, and a host of other trust based solutions.
In 2011, 2012 and 2013 Americans created more online children savings trusts through Kiss Trust than any other source.
About Kiss Trust
Kiss Trust is the nation’s exclusive provider of integrated online trust document services and trust administration services. The service was founded and staffed by top talents in law, trusts and technology to make the benefits and protections of trusts accessible and affordable to everyone. Kiss Trust is not a law firm. Kiss Trust is a service of Eastern Point Trust Company, a multistate trust company.