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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 can help ensure 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 Private Wealth Management 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
  • Real estate
  • Mineral and special resource management
  • Family business

You owe it to yourself and your family to rely on Regions Private Wealth Management's locally-delivered resources.

Living Trust
A living trust is a valuable estate planning tool that can help provide 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 Wealth Advisor together with your Regions Trust Advisor 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 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:

  • 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 trusts including:

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).

Guardianship
Court-ordered guardianships protect the estates of those who are unable to handle their own financial responsibilities, typically children or disabled adults.  A financial guardian is responsible for managing all assets in a prudent manner.

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 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 Annuity 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.

arrow To learn more about putting a Wealth Advisor to work for you, have a Wealth Advisor contact you.

Investments in securities and insurance products held in trust accounts are not FDIC-insured, not deposits of Regions Bank or its affiliates, not guaranteed by Regions Bank or its affiliates, not insured by any federal government agency, and may go down in value.