Specialized Trust Administration

A trust is an effective tool for managing your assets during your lifetime and for the benefit of your loved ones after you are gone. A trust ensures that your assets will be managed in the future according to your wishes, as well as providing significant tax advantages to help you preserve those assets in the present.

When you name Regions Morgan Keegan Trust as your trustee, you and your beneficiaries enjoy the knowledge and expertise of a breadth of specialists in such fields as:

You owe it to yourself and your family to rely on Regions Morgan Keegan Trust's resources delivered locally.

Living Trust

A living trust is a valuable estate planning tool that assures proper management of your assets during your lifetime, along with the flexibility of management in the event of incapacity or death. Unlike a Will, a living trust is not a matter of public record. If your trust agreement provides for your trust to continue after your death, the assets in the trust at your death will escape probate and any ensuing publicity. Your Regions Morgan Keegan Trust administrator will:

Testamentary Trust

A testamentary trust is established by your Will to provide lifetime security for your family or other loved ones. This trust is especially effective in providing for those too young or not capable to assume responsibility of inheritance. A testamentary trust, also known as a Trust Under Will, can help protect your estate and provide for your loved ones by:

Additional Trusts

We are also experienced at managing a variety of other trusts including:

Investment Management Accounts
A trust designed for those customers who desire not only custody services, but asset management services as well.

Custody Accounts
A trust designated to relieve the customer of the tedious time consuming tasks involved in the management of one’s personal assets

Family Trust (Credit Shelter or Bypass "B" Trust)
A trust funded with the maximum allowable applicable credit amount for the benefit of the surviving spouse or other beneficiaries, free of estate tax.

Marital Trust (Spousal, or "A" Trust)
A trust created to allow one spouse to transfer an unlimited amount of property for the benefit of his/her spouse without incurring gift or estate tax at the first death.

Qualified Terminable Interest Trust (QTIP)
A trust that is established to provide income for life to a person's spouse, free of estate tax at the first death, while retaining control of the eventual disposition of the trust assets. When the spouse dies, the assets in the trust pass to the beneficiaries designated by the creator of the trust.

Charitable Split Interest Trust
There are many different types and variations of charitable split interest trusts (including Charitable Remainder Trusts and Charitable Lead Trusts) that benefit two parties, a current beneficiary and future remaindermen (one of which is a qualified charity).

Special Needs Trust
A trust that provides for special or supplemental benefits to trust beneficiaries while preserving certain government benefits.

Spendthrift Trust
A trust that provides a level of protection of the trust assets from certain creditors or trust beneficiaries.

Rabbi Trust
A trust that functions as a type of retirement plan or deferred compensation arrangement for an employee.

Generation Skipping Trust (GST)
Any trust that has beneficiaries belonging to two or more generations below the grantor. A GST Trust may be useful if the first and second generations face significant estate tax liabilities.

Irrevocable Life Insurance Trust (ILIT)
A trust that owns a life insurance policy and provides payment of insurance premiums and collects the death benefit payment upon the death of the insured. Assets (including the death benefit) are excluded from the decedent's taxable estate.

IRA Rollover Trust
A trust established for tax-free transfer of a distribution from a qualified retirement plan within a specific time frame.

Crummey Trust
A trust that allows beneficiaries a limited period of time to withdraw funds transferred into the trust. If funds are not withdrawn during this period, funds will remain in trust for future use.

Intentionally Defective Grantor Trust (IDGT)
A trust that is drafted to make the grantor responsible for payment of income taxes associated with the trust assets. The purpose is to both remove significant assets from the grantor's taxable estate and to continue to remove assets as the grantor uses his or her assets to pay income tax attributable to the trust.

Grantor Retained Annunity Trust (GRAT)
A grantor retained annuity trust (GRAT) is an irrevocable trust into which you make a one-time transfer of property, and from which you receive a fixed amount annually for a specified number of years (the annuity period). At the end of the annuity period, the payments to you stop, and any property remaining in the trust passes to the persons you've named in the trust document as the remainder beneficiaries (e.g., your children), or the property can remain in trust for their benefit.

A GRAT is generally used to transfer rapidly appreciating or high income-producing property to heirs with the main goal of transferring, free of federal gift tax, a portion of any appreciation in (or income earned by) the trust property during the annuity period.

For more information, please call us at 1-877-757-7424 OR click here to let us know a little about your wealth management needs and a Trust expert will contact you.

Regions Morgan Keegan Trust Overview Brochure

 

Trust services are provided through Regions Morgan Keegan Trust, a trade name for the Trust Division of Regions Bank.