Fiduciary & Trust Services

Fiduciary & Trust Services

Executing Your Family's Vision

Fiduciary & Trust Services

Executing your family's vision.

When you partner with United Wealth Management, you gain the peace of mind and knowledge that your gifts and legacy will be structured exactly as you desire. We work closely with families and a team of highly-regarded external attorneys and advisors to design and execute plans to manage your estate, both during and after your lifetime. Our team puts globally competitive experience and resources to work with the service of a community bank and looks holistically at your assets and your individual and familial goals to deliver a personalized approach toward wealth preservation and transfer.

Our Strategies and Solutions

We offer a personalized approach to help you manage your wealth that meets your unique needs and goals.

Wealth Management

Asset Management, Investment Strategy & Asset Allocation, Comprehensive & Consolidated Performance Reporting, Investment Advice

Wealth Planning

Estate Planning, Trusts & Wills, Legacy Planning, Business Succession Planning, Gifts During Lifetime, Life Insurance, Asset Protection, Multi-Generational Education, Asset Protection Planning, Special Needs Trust Planning

Charity & Philanthropy

Facilitate Grant Requests, Gifting Strategy, Family Foundations

Trust Services

Trust Administration, Evaluation of Trust Structures, Real Estate Oversight, Corporate Fiduciary/ Executor, Bill Paying Services

Tax Planning

Coordination of Tax Reporting, Filing Tax Returns, Tax Loss Harvesting, Real Estate Structures, Estate Tax Planning, Income Tax Planning

Trust & Advanced Planning

Choosing your trustee or executor may be one of the most important decisions you make. The continuation of your lifetime goals and the framework for your legacy are established in your planning documents.  When it comes time to continue your vision and implementation of your plan, having a corporate trustee or executor may be the key piece to completing your plan.  A corporate trustee or executor provides a specialized set of skills and process that often cannot be achieved by appointing a family member or close friend.  A corporate fiduciary provides a seamless transition in your plan and can provide a neutral third party to communicate with beneficiaries and complete the necessary administrative tasks while taking on any of the required liability of the role.

What Is a Trust?

A trust is a legal arrangement concerning the ownership, management and disposition of property or assets. A trust may either be revocable or irrevocable, depending upon the intent of the creator as well as the overall estate planning objective.

What Is a Trustee?

A trustee is the party that administers and oversees the trust property or assets. The trustee acts as a fiduciary during the period of trust administration.

What Is a Fiduciary?

Trustees and Executors are Fiduciaries. This means that they must act with the highest degree of honesty and good faith. Fiduciaries have a duty of loyalty and cannot profit personally from trust property; comingle trust property with their own property and must treat the beneficiaries fairly.

Choosing a Corporate Trustee

Choosing a corporate trustee to serve as the fiduciary of your assets allows you to know your trust will be managed and administered according to your wishes.  Our team of trust specialists provides personalized service to your beneficiaries and are part of the United Bank Wealth Management team-based model.  Your beneficiaries will have the ability to speak with our trust specialists as well as a dedicated trust portfolio manager.  United Bank Wealth Management trust specialists operate through a committee structure for all distribution requests allowing you to know that a team with diverse capabilities are reviewing all requests for trust distributions.  A corporate trustee has a high level of legal and regulatory oversight allowing you the assurance of additional layers of protection for your wealth and beneficiaries. 

Experience

Corporate Trustees are familiar with applicable legal requirements, understand the intricacies of a wide range of trust types and can service them efficiently and accurately. United Wealth Management also can leverage our in-house Trust Counsel to address and solve legal issues at no additional cost to you or the Trust.

Objectivity

Disputes may arise in families after the death of a loved one, and individual trustees can be put into extremely tenuous positions; corporate trustees objectively carry out the wishes described in the trust document. Having an impartial third party making decisions in the best interest of the beneficiaries will minimize the risk of not adhering to the wishes of the trust’s creator.

Record-Keeping

Administering a trust involves responsibilities such as filing tax returns, issuing regular statements and keeping records of trust accounting activity. Family members or other appointed individuals may find these tasks overwhelming and time-consuming.

Asset Management

Corporate Trustees give their full attention to managing trust assets and have access to resources that may not be available to an individual. After discussing financial goals, risk tolerance and long-term objectives, the Corporate Trustee will recommend the most logical investment strategy to meet the needs of the beneficiaries.

Choosing a Corporate Executor

Corporate Executor meeting with clients

There are many reasons to appoint a corporate executor. Often, it is common for an individual to appoint a surviving spouse or child, but this individual may not have the expertise, time or personal liability tolerance required to fulfill the duties in this role.  The loss of a family member can be a difficult time for many clients and the responsibilities and tasks that are required in fulfilling this role can appear daunting.  A corporate executor has a team ready to accomplish the plan and implement any required actions to facilitate a smooth administration process.  Our specialized expertise in estate administration can assist with any complexities in each family’s unique situation.  

Some of the duties required of an executor are:

  • Locate estate assets and prepare a detailed inventory of the assets
  • Secure estate assets and maintain necessary insurance until property is sold
  • File necessary claims for life insurance and/or pension benefits
  • Prepare and file necessary income tax returns
  • Identify and pay any outstanding debts and taxes
  • Communicate with beneficiaries and establish a framework of the distribution process
  • If necessary, depending on the jurisdiction, appear in person to be sworn in as executor

Estate Settlement

Minimizing conflict and maximizing simplicity - that is our goal when we settle your estate. We oversee every step of the estate settlement process to ensure that complicated, emotional matters do not become a burden or a source of conflict for your family. We probate wills, inventory and value assets, pay creditors and taxes and ensure that your assets are distributed to beneficiaries according to your exact wishes.

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Not FDIC Insured | May Lose Value | Not Bank Guaranteed | Not Insured By Any Federal Government Agency
This information is not legal or tax advice and past performance is no guarantee of future performance.