Trustee of Living Trusts

Today, many property owners seek investment supervision for their own investments during life. They create living trusts, similar to testamentary trusts, in order to obtain the benefits of our professional investment management.

When named as trustee under a trust agreement, we take possession of assets owned by the trust, either electronically (for most securities and funds) or physically by keeping the asset itself or evidence of its ownership, such as real estate deeds, safe in our vaults. We perform all the burdensome paperwork related to asset ownership, including monitoring necessary tax information.  Income is paid regularly to the trust’s creator, called the grantor, or to whomever is designated to receive it, and the trust’s investments are under the continual supervision of our investment officers. These capable specialists will recommend desirable changes to reflect the grantor’s personal investment goals, which might be capital appreciation, or perhaps the building of a fund that provides substantial current income.

Many turn to a living trust when they are apprehensive of physical or mental disability in their later years. In the event of incapacity, such a trust can pay bills and protect property without the intervention of a court-appointed guardian.

Sometimes, the living trust may survive its maker and go on to furnish continuing financial security for a family. All the tax-saving benefits available with testamentary trusts may also be obtained through a living trust, because the assets of a living trust usually avoid probate, the expenses of administering the trust-maker’s estate may be significantly reduced.

Most living trusts today are revocable, meaning they may be amended or even terminated at any time during the grantor’s life. This flexibility permits the trust-maker to observe how the trust functions to meet his or her needs and the future needs of his or her family, and make changes accordingly.