Personal Trust Services

Why Choose Union Bank & Trust for Personal Trust Services?

We've meticulously designed our services to complement the expertise of financial planning and investment advisory professionals. We understand the importance of the relationships you've built with your financial advisors. That's why we abstain from offering internal investment management services, eliminating any potential conflicts of interest.

Our Range of Personal Trust Services

• Living Trust: Crafted during your lifetime, a living trust empowers you or your trustee to manage your assets according to your wishes. Administrative responsibilities are seamlessly transitioned upon your passing, ensuring your assets align with your instructions or are distributed to your beneficiaries as per your intent.
• Trust Under Will: Established upon your passing through your will, this trust transfers your assets to a trustee who faithfully manages them according to your specified instructions.
• Special Needs Trust: Designed to meet the unique needs of incapacitated individuals while adhering to regulatory oversight.
• IRA Rollover Trusts: Secure the continued tax-free growth of your retirement assets throughout your lifetime. Our collaborative approach with your team of advisors ensures that these assets are administered or distributed in full compliance with regulations upon your passing.
• Charitable Remainder Trust: Incorporate philanthropy into your estate plan and enjoy potential income and estate tax advantages. Your gift to a qualified charity can have a lasting impact while supporting causes dear to your heart.
• Irrevocable Trusts: Whether you’re looking to gain financial certainty, protect assets, minimize estate taxes and access government benefits.
• Revocable Trusts:  Utilized for a variety of purposes, such as: financial flexibility, privacy, avoiding probate, estate tax minimization, flexibility for beneficiaries, etc.

Charitable Giving Made Effortless

Our trust team works hand-in-hand with your advisors to shape a charitable giving program aligned with your estate plan's strategic objectives. Benefit from various trust vehicles, including charitable remainder unitrust, charitable remainder annuity trust, or charitable lead trust, while optimizing tax advantages. Leave a lasting legacy and maintain control over your charitable contributions through a private foundation.

Benefits of Choosing Union Bank & Trust

• Current Income Tax Charitable Deduction: Maximize your charitable deductions.
• Potential for Increased Cash Flow: Enjoy enhanced annual cash flow potential.
• Avoidance of Capital Gains Tax: Preserve the full value of appreciated assets for income generation.
• Diversification of Asset Value: Achieve diversification of your asset portfolio.
• Possible Reduction of Estate Tax: Mitigate estate tax implications at the donor's passing.

Our professional trust administration services seamlessly integrate with your financial team, allowing you to create a meaningful impact. Trust in Union Bank & Trust to help you make a difference.

Foundations

Leave a lasting legacy and steer the course of your charitable gifts through foundations. Shape the direction of your philanthropic endeavors, setting the stage for a lasting impact.