Estate Planning Assistance: Our trust professionals will review your estate planning needs, assets and your goals with you to advise you on estate planning alternatives. Estate planning is the process of creating and preserving property during an individual’s lifetime and arranging for the desired and proper disbursement at the time of that individual’s death. In most instances, estate planning is associated with advantageous investment and tax planning, without sacrificing personal and family security and welfare.
Estate Settlement: In addition to serving as trustee, we often act in the capacity of Personal Representative as named in an individual’s will. As an alternative, we can serve as the agent for someone who has been appointed to serve in this capacity. As an agent, we handle all estate administrative duties to relieve the individual named of this often time consuming and complicated responsibility.
A revocable living trust is a trust that you set up during your lifetime. This type of trust can be amended or even revoked during your lifetime. Advantages of revocable trusts include:
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Investment management for you and your beneficiaries during your lifetime.
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Avoidance of probate of trust assets and a reduction of costly estate settlement expenses because your assets are distributed through your trust.
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Enables a married couple to structure assets in a way that reduces estate taxes.
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Income paid to you monthly, quarterly, or if you prefer, it can be reinvested.
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Principal disbursements for you and your family during your lifetime, as desired.
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Distribution of your assets following your death or at the termination of your trust according to your instructions.
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Investment of your available cash provided through a daily cash sweep feature in your account.
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Management of your affairs for you, in the event of illness, accident or incapacity.
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A flexible agreement that you may amend or revoke at any time.
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You retain as much or as little control, contact and responsibility as you wish.
We are happy to work with the attorney of your choice in this process.
A non-changeable trust for your heirs.
An irrevocable trust cannot be terminated by you and is most often used for making gifts or establishing a permanent arrangement for the benefit of your family or favorite charities.
An irrevocable trust may provide tax advantages when integrated with your overall estate plan. Always consult your attorney or tax advisor about your specific circumstances. Other benefits may include:
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Investment management for your beneficiaries during your lifetime and following your death.
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Distribution of your assets upon your death or at the termination of your trust according to your instructions.
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Avoidance of probate of trust assets and, thus, a reduction of costly estate settlement expenses because your assets are distributed through your trust.
Cornerstone Bank can serve as your investment agent and custodian of your assets.
After a thorough review of your goals and needs your investment portfolio is structured and managed for you by our investment professionals. Investment agencies may be structured to allow you as much or as little management involvement you wish to retain. In addition, we perform a broad range of administrative functions in addition to coordinating the safekeeping of your assets, processing your investment and cash transactions and providing detailed statements of our management activities. The benefits of our investment agency services include:
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Investment analysis of numerous stocks, bonds and mutual funds
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Development of an investment portfolio to match your needs and goals while considering your personal tax situation and risk tolerance
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Detailed essential information relative to your investments; timely and easy to understand account statements
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Safekeeping of all the securities in your account
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Collection of matured and called bonds and reinvestment of the same
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Annual report of information necessary in preparing your tax returns
To contact a Trust representative call us at:
(800)
642-6608 or (402) 363-7411.
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2000 - 2008