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:
- taxation
- investment research and management
- securities trading
- real estate
- mineral and special resource management
- family business
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:
- Work with you and your attorney to develop a plan to meet your specific needs
- Provide full custody and asset management services
- Provide relief from any burdensome financial responsibilities you wish to relinquish
Testamentary Trust
A testamentary trust is established by your Will to provide lifetime security for your family or other loved one. This trust is especially effective in providing for those too your 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:
- Reducing the estate tax burden at your death
- Meeting major expenses like education or health expenses
- Provide lifetime support without leaving your assets directly to your beneficiaries
- Maintaining a legacy to a favored charity
Additional Trusts
We are also experienced at managing a variety of other trust 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 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 services or treatment to trust beneficiaries without interfering with eligibility for government benefits.
Spendthrift Trust
A trust that provides for special or supplemental benefits to trust beneficiaries while preserving certain government benefits.
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.
We look forward to putting you in touch with an experienced Trust manager in your community. Please call us at 1-877-757-7424 so we can identify the right Trust manager to meet your needs.
