Estate Planning is often one of the last things one wants to think about. It requires a lot of work and can be quite stressful to determine the best decisions for you and those you love. We understand that this can seem overwhelming, which is why our experienced advisors are here to help.
Our comprehensive estate planning services include review of wills and trusts, examinining potential tax consequenses, and creating a customized plan to preserve your wealth and define your legacy.
When it comes to maximizing your family’s assets and protecting your loved ones, we can act as your corporate trustee to ensure your specific trust needs are met. With the highest ethical standards, as well as objective opinions, we ensure the proper administration of trusts in accordance with the grantors’ instructions.
Revocable living trusts are a popular way to streamline personal finances and gain the benefits of professional management. These trusts allow your personal trustee to consolidate investments into one comprehensive account, maintain financial records of investments and expenses, handle bill payment, prepare taxes, and resolve issues with medical insurance and Medicare.
Testamentary trusts are usually included in your will and take effect upon your death. These trusts are used by parents of adult children who need asset protection and by parents of minor children to delay or control the flow of inheritance. Married couples often use testamentary trusts for tax planning purposes and to provide professional financial management for a surviving spouse.
Special needs trusts provide financial management for disabled individuals without affecting their ability to qualify for government benefits such as Social Security and Medicaid. Funding of these trusts can come from an immediate transfer of assets, transfer by will from an estate, life insurance proceeds, or the disabled person's own assets.
Courts appoint guardians to manage the assets of incapacitated individuals. Our Trust Officers have the special training and experience to administer these complex arrangements. As guardians, we invest the assets properly, file inventories and reports with the court in a timely manner, and make sure that expenditures are appropriately made.
Charitable Trusts are a time-honored way to minimize taxes, preserve your legacy, and provide you with income while positively contributing to society. If you have charitable interests, allow us to discuss the various options and tailor a plan that is right for you.
Products offered by Asset Management & Trust: ·Not FDIC insured · May go down in value · Not financial institution guaranteed · Not a deposit · Not insured by any federal government agency.
The information in this website is for US residents only.