In addition to the benefits of investment management, a trust adds an extra dimension. With a trust, you have the opportunity to give instructions about who receives income from the investments and, ultimately, who is to receive the assets at a future date.
The beauty of a trust is that its form is so flexible. A client who begins a revocable living trust, for example, is free to make changes at any time. An irrevocable trust – established either while its creator is alive or by will – is less flexible, but offers major tax-saving opportunities.
When BankChampaign is named to serve as trustee, you have peace of mind knowing that the assets placed in the trust will be professionally managed to achieve maximum return and that financial and estate planning goals will be carried out as directed.
Living trusts offer financial solutions to meet a wide variety of concerns and needs. A living trust can:
|•||ensure continued professional investment management|
|•||allow us to assume financial control in the event of disability|
|•||structure gift programs for minors|
|•||serve as a foundation for an estate plan that will avoid the expense, delay and publicity of probate proceedings|
|•||help reduce (or eliminate) the family’s estate and gift tax burden|
BankChampaign has served as executor and settled many substantial and complex cases. Our estate administrators have the experience and expertise to ensure that an estate is settled without undue delay, unnecessary financial loss or hardship to beneficiaries.
In addition to serving as executor under a client’s will, we also are available to accept court appointment to serve as executor, as guardian of a minor’s property or as a conservator for an individual’s assets.
Investment Products and Services are: Not FDIC Insured | May lose value | No bank guarantee
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