Today’s trustees have unique needs.
We all want the peace of mind that comes from knowing our assets are protected and will be transferred to our heirs with minimal cost and taxation. Having a well-designed estate plan - and creating a trust as part of that plan - is one compelling step toward protecting and distributing your assets to your heirs with minimal cost and taxation.
A trust is a legal agreement between two parties: the person who creates it and the person, institution or corporate trustee responsible for administering it, known as the trustee.
You may choose to be your own trustee. Often, those who choose to serve as their own trustees quickly discover they have much responsibility and could benefit a great deal from expert advice. Some may require recommendations on the appropriate trust structure. Others may understandably need direction on investment policy, accounting or distribution of the trust’s assets. Still others may enjoy the many responsibilities of serving as trustee, but simply want general guidance and assistance with bookkeeping.
Advice from experienced professionals can help.
By allowing Capital City Bank to serve as your agent, we take on a consultative role with you, the trustee. This means that, in addition to providing custodial services and bookkeeping, we work with you to offer advice on the administration of your trust.
Establishing an estate plan designed to meet your goals and needs is critical. What's more, having expert support from a professional agent- like Capital City Bank - can be essential.
An agent provides just the right level of support.
Appointing Capital City Bank to serve as your agent is appropriate for any trustee who:
- Needs assets segregated for accounting purposes.
- Requires separate tracking of principal and interest income.
- Needs assistance with tax accounting of any kind.
- Requires a third-party statement for auditing purposes.
- Would like to have a custodian assist in the transfer of assets to a successor trustee when he or she passes away.
- Is unfamiliar with the working of trusts and wants guidance in interpreting the trust documents.
- Does not have time to manage his or her own account.
In addition, this type of relationship can provide you with an alternative to an attorney or accountant.
Allow us to serve you.
Enjoy the peace of mind, guidance and assistance that comes from naming Capital City Bank as your agent. For more information on the many benefits Capital City Bank offers, please contact a Capital City Bank Trust Officer today.