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In addition to revocable living trusts, there are a variety of trusts to meet specific needs and circumstances:

Special Needs Trusts


A special needs or supplemental needs trust can help you leave assets for a disabled child or family member, while preserving their eligibility for government benefits. These trusts allow your beneficiary to continue to get the equipment or vehicles, educational opportunities, vocational training, service animals or any other services they need. By naming a corporate trustee, you are ensuring that trusted experts will distribute your assets, and your beneficiary's needs will continue to be met over their lifetime.

Charitable Trusts


By establishing a charitable trust, private foundation, or donor-advised fund you may leave assets to charity. This allows you to create an additional tax benefit and a new stream of income. In order to achieve the maximum charitable income, and tax benefits available, we look at your long-range objectives. You have the option to name a corporate trustee to oversee distribution of your assets in accordance with your goals.

Irrevocable Life Insurance Trusts


If you have a large estate and wish to offset the estate tax, establishing an Irrevocable Life Insurance Trust may provide you with that flexibility. Working as a wealth replacement vehicle, this type of trust is regularly reviewed to ensure that the insurance policy is viable and will fulfill the intent of the trust. Because of their strict federal laws, these trusts require special expertise to administer.

Guardianships


Guardianships can be established as an alternative to trusts. We can serve as Guardian of the Property, where we work with the Guardian of the Person to manage your funds and assets, pay your bills, settle any claims, provide accounting services, and more. Not sure what your trust strategy should be? Our Trust Officers are ready to help. Call 352-369-1000 to schedule a no-obligation appointment.

Investments are NOT FDIC insured; NOT deposits, obligations of, or guaranteed by any bank; and may lose value.


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