Trust Advisory & Administration

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.

Trust Advisory & Administration

Trusts can be used to accomplish a number of estate planning and charitable giving goals, while potentially providing the opportunity to minimize your tax exposure*. Fifth Third Private Bank offers a variety of trust services and administration designed to help you:

  • Plan for your future and make the most of your current assets during your lifetime through asset preservation and tax planning strategies
  • Help protect your loved ones through a trust that is structured to meet the present and future needs of your family.
  • Ensure your wishes are followed by appointing Fifth Third to administer your trust as an objective trustee. As trustee, we administer your trust according to guidelines you have set up and provide the following services:

    • Accounting
    • Tax* and other reporting
    • Custody
    • Investment management
    • Trust settlement

Charitable Trust Services

Fifth Third Private Bank can work with you and your attorney to implement your legacy by servicing your trust or foundation to help meet your charitable goals.

Our experienced fiduciary officers can help you decide which charitable trust or foundation option is right for you.

  • A charitable remainder trust provides payments to you or your beneficiaries and provides a charitable gift of the assets in the trust when the trust terminates.
  • A charitable lead trust makes payments to a charitable organization, with the assets in the trust passing on to your beneficiaries when the trust terminates.
  • A private foundation enables you to create a legacy of charitable giving, while potentially reducing estate and income taxes.*
  • Utilizing life insurance can help you replace the value of donated assets for your heirs.

Guardianships of Estates and Special Needs Trusts

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, guardianship estates and special needs trusts require the ability to work closely with state courts over time.

We offer customized services to fit the needs of each individual and family, including:

  • Asset collection and custody
  • Administration and counsel by a fiduciary professional experienced with the special needs of children and disabled adults
  • Coordination between Fifth Third as guardian or trustee, the attorney and the courts
  • Impartial management by an unbiased fiduciary professional
  • Prompt collection of receivables due to an estate or trust
  • Record keeping and preparation of court accountings

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We are here to help

For more information about the Fifth Third Private Bank deposit services, contact your Fifth Third Private Bank Wealth Management Advisor or call us at 1-866-488-0017.
Call us at 866.488.0017

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