Trust Services

Trusts & Estates

Trust our experts.

Trusts are among the most versatile, adaptable, and proven means of managing personal and family assets. When you work with our Trust team, you will have some of the most experienced professionals in the market helping you confidently prepare for the future.

Through careful planning, we will give you expert guidance to help you grow your assets and ensure they are transferred to the people and organizations you care about most. We will help minimize the impact of taxes on your estate and help protect your assets from unexpected health, personal, and business risks. 

 

Trust Under Agreement/Living Trust

A revocable, or living trust, is a trust that permits you to be in charge because you can:

  • Revoke the trust at any time
  • Amend/revise the terms of the trust
  • Change beneficiaries
  • Avoid probate. When the trust creator dies, the directions contained in the trust can be carried out without the delay of probate, while maintaining your privacy.

Special Needs Trust

If you have a disabled child or family member, meeting their needs is a top priority.  A Special Needs or Supplemental Needs Trust offer a financial solution to ensure your loved one is taken care of financially.  Estate planning for families with a disabled loved one can be complicated. Our team will help ensure your loved one continues to live comfortably without jeopardizing certain government benefits. 

Trust Under Will/Testamentary Trusts

A trust is specified in the terms of your will. Upon your death, your assets pass into a trust, which is then managed by a trustee.

Land Trust

A Land Trust is a simple, convenient and inexpensive way to manage ownership of your real estate, whether it be a single family dwelling, a large farm, or commercial property. We hold the property in trust for the benefit of the named beneficiaries.

Benefits of a Land Trust

  • Privacy of ownership, the trustee is listed as owner on all public records.
  • Protection of title in the event of death, legal judgements or, divorce.
  • Avoidance of probate estate and probate expenses.
  • Procedure simplifications for multiple ownership and partial interests.

Executor/Administrator of Estate

At times of death, families find the settling of an estate a time-consuming conflict-starting challenge. To avoid this, name State Street Bank as the executor of your estate. Through our estate settlement, we work with your legal advisor to administer your estate. Corporate executors are not as susceptible to conflicts of interest with the beneficiaries and are sensitive to, but not subject to emotional considerations.