Trust Services
Establishing a trust is an ideal way to create financial security for you and your family. We can help you manage your assets, whether you are in good health as well as in times of illness or disability. Assets held in your trust will not pass through probate and your trust can continue after your death for the benefit of your loved ones or a charity.
As your trustee, we work closely with your other advisors, such as your attorney, accountant, insurance agent or health care provider to ensure that your needs and objectives are identified and met.
- Summary
Trusts can be of special importance if you have a child with a disability, are facing the challenges of aging or have aging parents, have charitable inclinations, or are concerned about estate taxes. If you have a family business, trusts can play a vital role in protecting the company if you become disabled or in passing the business to the next generation smoothly and tax-efficiently.
- Local service
- Professional investment management
- Bill paying and health insurance claim assistance
- Accurate recordkeeping
- Coordination among team of advisors
LEGAL, INVESTMENT AND TAX NOTICE: This information is not intended to be and should not be treated as legal advice, investment advice or tax advice. You should under no circumstances rely upon this information as a substitute for obtaining specific legal or tax advice from your own legal or tax advisers.
NOT FDIC INSURED
MAY GO DOWN IN VALUE
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
NOT GUARANTEED BY THE STATE NOR THE BANK
- Administration Services
At SBI, we provide administration services for:
- Testamentary trusts established under the terms of a will; and
- Living trusts for asset management established during your life.
In our capacity as trustee, our role is to safeguard the assets of the trust. We manage and invest them according to the objectives that you set forth in the trust agreement and in consideration of the needs of the trust beneficiaries.
Depending on the type of trust you establish, income may be paid to you as it is earned, or it may be reinvested to accommodate for your future needs, or the needs of your beneficiaries in the years to come.
