Wealth Management Trusts & EstatesYou'll be prepared for anything when you have a solid financial plan.
What would happen to your assets if you became incapacitated, you remarried or you died? You can’t always control what happens in life, but you can be prepared by having a solid financial plan.
A trust could be the tool that helps you achieve your goals, such as financing your children’s education, supporting you favorite charity, saving on estate taxes, managing your assets if you are incapacitated, or providing for your family after your death.
You can depend on Soy Capital Bank & Trust to provide professional asset management, accurate tax records and thorough and knowledgeable administration of your trust.
Some basic trust administration services include:
Estate Settlement: We provide professional estate settlement services. As a corporate fiduciary, we will strictly abide by the elements of the will without being swayed by interpersonal family issues. Our accounting and reporting mechanisms provide complete transparency, thereby preserving family harmony.
Agent for Executor: We provide professional estate settlement services and keep the executor updated as to the various steps and processes of settling the estate. This is a valuable service for individuals named as executor/executrix who may want to fulfill this role as named but may not have the time and/or expertise to do so.
Living Trusts: We act as your trustee, and assume responsibility for keeping your financial affairs in order in the event of your incapacity. Revocable living trusts preserve family privacy because, unlike a will, they are not a matter of public record at the time of the person’s death.
Charitable Trusts: Charitable trusts have long been an important part of estate planning. The key to using today’s charitable trust successfully is to design an approach tailored to your own particular set of charitable intentions and family financial planning objectives.
Trust Under Will: Trusts are appropriate when leaving someone the benefits of property without the burdens of its management. Our trust officers remain in close contact with the families we serve, providing comfort of knowing these discretionary powers will be exercised with understanding.
Agent for Trustee: Just as in the category above, agent for executor, an individual who may want to fulfill their role as trustee may hire Soy Capital Bank & Trust as their agent to perform the investment management, accounting and reporting services, as well as advise them on the fiduciary duties and obligations of being a trustee.
Guardianship: When the court directs that a financial settlement be placed with a corporate trustee because the beneficiary is a minor or is an adult who has been declared incompetent, Soy Capital Bank & Trust will act as the financial guardian. We will invest the proceeds for the beneficiary considering the time horizon for the investments, income needs, growth requirements and tolerance for risk.
For a confidential, no-obligation consultation to review how our services can meet your needs, please call our Trust Department.