Trust and Asset Management
While you’re planning your financial future, even if you’re just getting started, it’s important to make decisions now about how your wealth will be distributed down the road. Our financial planning services will help you manage your wealth to benefit you and your family in a way that conserves and actually promotes growth when challenges like inflation and taxes can make it difficult.
Investment Management Account
Investment Management Accounts with our Trust and Asset Management Department are managed by William Blair & Company. They have been providing strong and consistent investment performance for over 70 years and are one of the leading private investment firms in the world.
Our experienced professional will sit down with you to develop an investment objective for your account, based on your income requirements, tax status, the nature of your assets and your personal risk tolerance. Then we will provide management based on that investment objective.
Your Account Officer will keep you informed and will make sure that your objectives are being met. If your lifestyle changes, we will adjust your portfolio to meet your new goals and objectives.
Living Trust
Establishing a living trust provides needed protection for your estate, helping to reduce settlement expenses, taxes and the time of distributing your assets to beneficiaries through probate. It will also protect your investments and assets, should you become disabled, or if a minor is a beneficiary. You can direct the trust to provide as much or as little direction as you choose, and you’ll be able to make any changes as the need arises.
Life Insurance Trust
This kind of trust is especially helpful for those with specific plans for a generally larger estate. It is funded and distributed to the trustee at the insured person's death, without delays from probate. It will be written in a way to avoid estate taxes and will include extremely flexible provisions for the family’s support; however, the beneficiary named will be permanent and the trust is irrevocable.
Estate Settlement
Our highly qualified officers can help you with the demanding, complex duties associated with distributing your estate according to your will.
- Gathering and safekeeping of estate assets
- Notifying creditors and paying valid debts
- Keeping records for probate court and/or beneficiaries
- Determining liquidity needs
- Distributing assets to beneficiaries
- Filing of tax forms
- Review gifting strategies
- Review business succession
- Integrated planning in conjunction with your tax or legal advisors
- Wealth preservation
- Guardianship accounts
Individual Retirement Account (IRA)
There are a variety of IRAs that can help with your retirement needs. We will act as Trustee of your IRA and manage your assets according to your investment objectives. Retirement planning is an important part of your overall financial plan. There could be possible tax savings to you and your family with an IRA.
The planning process
We start the planning process by getting to know you—where you’ve been, where you are and where you want to be. Then, we find out how you’re currently maximizing your earning potential with a few questions like these:
- Have you developed your financial goals for retirement?
- Is your investment portfolio balanced between income and growth opportunities, and with what amount of risk?
- Do you own a closely held business or investment real estate that requires special estate planning?
- Are you adequately insured against an untimely loss or unforeseen circumstance?
- Is your long-range plan taking advantage of current opportunities to reduce taxes?
- Are you seeing minimal returns on your investments?
Next, we analyze your specific situation, taking into account your income requirements, tax status, the nature of your assets and personal risk tolerance. We then establish a plan with the investment resources ideal for you.