Private Bank Trust and Estate Trust Administration
Fifth Third Private Bank is here to help
Helping you plan for your future, protect your family and distribute your assets.
Fifth Third Private Bank has been effectively and efficiently administering trusts for over 100 years for high net worth families. Trusts can be an important tool in ensuring your assets are handled and distributed in a way that reflects your wishes and values.
Providing experienced, objective guidance.
While you may have a friend or family member you can rely on, there are many benefits to hiring a corporate trustee, such as Fifth Third Bank. As experienced, objective professionals, we can help ensure the smooth transition of your estate according to your wishes.
Our trust administration professionals can help you:
Protect assets today and tomorrow
During your lifetime, we can help you make the most of your assets by holding them in trust as your trustee and custodian. We can also assist you with asset management, cash flow, and tax planning strategies.*
One of the benefits of setting up a trust is that the assets held in trust do not go through the probate process, so they pass quickly and privately to your heirs. In addition, your trust may also help protect your assets from creditors and provide tax benefits.
Support a cause
We can help you to generate current income tax benefits, while supporting your important charitable causes, through trust vehicles, such as a Charitable Remainder Trust. In addition, our trust administration professionals will work with your attorney, CPA, or other outside advisors to create a holistic charitable giving program that gives you peace of mind. Learn more about our Charitable Trust Services.
Protect your family
If you or your partner becomes unable to handle financial responsibilities, your trust can be used to provide for your care during periods of disability or incompetence. Perhaps you are concerned about a loved one's ability to handle finances; a trust can also be structured with provisions to meet the present and future needs of children, grandchildren, or other loved ones.
About guardianships and special needs trusts
Trusts can also serve to take care of adults and children with specific needs. With a keen understanding of both the human and the financial needs associated with these special circumstances, our trust administration professionals bring a wealth of experience and expertise to the administration of guardianships of estates and special needs trusts. Contact us to learn more abotu guardianships and special needs trusts services.
Offering customized administration
We offer customized services to fit the needs of each individual and family, including:
- Administration and counsel by a professional experienced with children with special needs and disabled adults
- Coordination between Fifth Third Private Bank as guardian or trustee, the attorney and the courts
- Impartial management by an unbiased professional
- Prompt collection of receivables due to an estate or trust
- Record keeping and preparation of court accountings
- Timely and accurate reporting
- Bill payment
- Medical insurance claim filing
- Asset collection and custody
- Investment management
- Income and transfer tax planning
- Real estate and other special asset management
Providing expertise to protect benefits
MB has many years of experience in serving as the court-appointed guardian of the estates of minors and disabled adults, as well as the trustee of special needs trusts, which are often supervised by a court.
The administration of special needs trusts requires careful coordination to avoid disqualifying a beneficiary from receiving governmental benefits such as Medicaid and Social Security. Likewise, guardianships require the ability to work closely with state courts over time to best benefit the family member.