Living Trust

Living trust is a revocable or irrevocable arrangement by which UB Trust Division will act on behalf of an individual in accordance with an agreement during their lifetime. The trustee works with financial advisors to manage the assets for the benefit of the grantor or other beneficiaries designated by the grantor. If the trust is revocable, assets can be added or withdrawn at any time; if it's irrevocable, the terms cannot be amended.

Benefits of the service include:

  • Peace of mind knowing that the customer has a "living" estate plan in place in the event of incapacity.
  • Confidence that we have the expertise in working with many outside financial advisors to meet the customer's financial needs.
  • Security in knowing that assets are held in safekeeping.
  • Assurances that all relevant asset information and financial records are being maintained accurately.

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Products and services offered through the Trust Division of Union Bank & Trust are not insured by FDIC, are not a deposit or other obligation of, or guaranteed by, the depository institution, and are subject to investment risks including possible loss of the principal amount invested.