A trust may be customized to meet a variety of wealth planning objectives, making it an important component of an estate plan.
When you work with Fifth Third Private Bank, your family will learn about valuable asset preservation strategies and get the support, understanding, and assistance of experienced professionals who are committed to a long-term relationship.
Fifth Third provides trust and estate services that help you to:
- Plan for your future.
During your lifetime, we can help you make the most of your trust assets. We can also hold the assets in your trust as your custodian as well as 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.
- Help protect your family.
If you or your partner becomes unable to handle financial responsibilities, your trust can be used to provide care for you and consistency for your family.
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.
- Distribute your assets in a way that reflects your wishes and values.
We have the skills and experience to effectively and efficiently administer your trust.
If you have a special cause you would like to support, we can help you to generate income now with tax benefits through trust vehicles, such as a Charitable Remainder Trust.
In addition, we will work with your attorney, CPA or other outside professionals to create a holistic program that gives you peace of mind.
Choosing a trustee is an important and personal decision.
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 objective professionals, we can help to ensure the smooth transition of your estate according to your wishes.
* The information contained herein is for information purposes only, is not designed to address your financial situation or particular needs and does not constitute the rendering of tax or legal advice. You should consult with your tax advisor or attorney for advice pertinent to your personal situation.
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To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
Fifth Third Private Bank is a division of Fifth Third Bank offering banking, investment and insurance products and services. Fifth Third Bancorp provides access to investments and investment services through various subsidiaries, including Fifth Third Securities. Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a registered broker-dealer and registered investment advisor. Registration does not imply a certain level of skill or training.
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