Trust Services
Trust Services From Trusted Experts
Whether you are looking to maximize what you leave behind for your loved ones or planning for your legacy, our trusted experts will help guide your decisions to optimize your wealth. Here's how we can help:
When you establish a trust, you're transferring assets to a trustee of your designations who will manage these assets during your lifetime and for the benefit of your beneficiaries thereafter. We provide trust administration services for the following types of trusts:
- Revocable (living) trusts
- Special needs trusts
- Irrevocable trusts
- Dynasty trusts
- Life insurance trusts
- "Change of Situs" trusts
- Charitable trusts
- Conservatorships
- Testamentary trusts
CorTrust Bank's objective is to maximize the return on your managed portfolio while adhering strictly to pre-determined risk parameters and investment guidelines. We prepare individually tailored portfolios for:
- Taxable accounts
- Tax-free accounts
- Asset allocation models
- Individual stock and bond portfolios
Custody services are an excellent way to direct your own investments, while maintaining thorough and accurate record-keeping control. We will collect matured or called bonds, sell or exercise stock rights on your behalf, and take care of all routine investment duties. We collect and remit income monthly or quarterly, provide you with complete statements of all transactions, and provide you with a complete tax ledger at year-end for ease of filing your tax return.
Appointing CorTrust Bank as personal representative assures your instructions will be carried out and your beneficiaries will receive expert guidance throughout the administration of your estate. We take on the responsibility of settling an estate, including:
- Collecting and valuing assets
- Paying debts, expenses, and taxes
- Preparing estate tax returns
- Preparing final income tax returns
- Account administration
- Claims processing
- Periodic statements
- Deposit and wire services
- Custody of estate assets
- Collection of income (i.e. interest, dividends, rents, royalties, etc.)
- Daily investment of principal and income cash
- Distributing property according to the instructions in your will
Our personal financial services provide relief and assistance to our clients who need help with their day-to-day financial matters. Our customers enjoy their later years without the burden of handling:
- Medical insurance management
- Financial management
- Bill paying
- Annual tax preparation