Personal Trust and Estate Administration Services
Personal Trust Services
Through Personal Trust Services, you can establish a special relationship with AIB that allows the bank to act as your trustee or agent, holding title to designated assets and managing them for your benefit (and that of your named beneficiaries). Revocable or irrevocable trusts can be established during your lifetime or you can create testamentary trusts through the terms of your will.
Under a trust relationship, ANB will help ensure that your wealth is managed according to your wishes, now and for future generations. We can also help:
- Minimize estate and gift taxes
- Protect your privacy
- Avoid the delays and publicity of probate
- Ensure that your assets remain professionally managed should you become incapacitated
Qualified Terminal Interest Property Trust
Designed to ensure your designated beneficiaries cannot be changed against your wishes, while still maintaining the unlimited marital deduction
Dynasty Trust
Allows you to hold assets in trust for generations to come, and removes exposure to taxes as wealth passes to each generation
Irrevocable Life Insurance Trust
Provides flexibility and liquidity for meeting the financial needs of your beneficiaries, reducing and paying estate taxes, and replacing inheritance lost to estate taxes
Additional Choices
- Living trusts
- Revocable trusts
- Irrevocable trusts
- Testamentary trusts
- Credit shelter trusts
- Marital trusts
- Family trusts
- Grantor Retained Annuity Trusts (GRATS)
- Grantor Retained Unitrusts (GRUTS)
- Custody services
Estate Management
ANB's caring professionals bring years of experience to the job of settling an estate, plus in-depth knowledge of today's ever-changing and complex tax laws. We can facilitate all the details of administering your estate and distributing your assets — making sure your wishes are carried out to the letter. We can work closely with you, your family and any other professional advisors you choose, and also serve as your executor as needed.
Estate administration, accounting and custodial services
Rely on ANB to:
- Collect income and dividends generated by trust or estate assets
- Distribute income and principal to beneficiaries per your stated wishes
- Make decisions consistent with your documented instructions
- Maintain records for your trust's or estate's assets and investment
Tax preparation assistance and oversight
Take advantage of AIB's resources and knowledge to help you save time, identify tax savings and simplify your life
Probate and estate settlement services
Turn to ANB to help you:
- Streamline and simplify the entire process
- Minimize federal estate and gift taxes
- Gather, safeguard and distribute assets
- Pay all debts
- Establish trusts for your beneficiaries if needed
Family Charitable Foundations
Giving back to the world around us is something very close to our hearts at AIB. Establishing a Family Charitable Foundation is one way you and your family can organize and maximize the assets you choose to share with the philanthropies you support — now and in perpetuity.
A Family Charitable Foundation is a tax-exempt entity established to accept charitable contributions, manage those assets and make grants to other charities. As the founder, you can direct how the assets will be managed and hand-select grant recipients. Unlike making an outright gift to public charities, having a private foundation allows your perpetual trust to take an active role in philanthropy.
ANB has the expertise to help you develop and administer your Family Charitable Foundation according to your vision. Our charitable-management professionals and portfolio managers use a disciplined process to create a customized investment portfolio, actively managing your cash flow to balance the needs of your foundation against planned distributions to the charities you choose.
Services include:
- Foundation development and administration
- Investment management and consulting
- Custody services (safekeeping of assets)
- Distributions to your chosen charities
Special Needs Trusts
Caring for those with special needs is an expensive and lifelong proposition. By creating a special-needs trust, you can help provide supplemental support for a disabled person — while maintaining their eligibility for government assistance. AIB can provide professional management of your trust assets and help make sure that your loved one receives continuous financial protection. But we do more than that. AIB's dedicated professionals will work closely with you and your family to help provide an optimal quality of life for the beneficiary. Your trust can provide invaluable funding for life-enhancing opportunities such as education, recreation, custom living arrangements and companionship.
Special Needs Trust Services include:
- Needs and resource assessment
- Coordination of care
- Tailored portfolio management
- Real estate and oil and gas management
- Custody services (safekeeping of assets)
Ongoing Trust Services include:
- Professional service coordination
- Comprehensive reporting
- Budgeting, bill-paying, tax review and insurance evaluation
- Coordination of tax preparation
Guardianships
A guardianship is an account established at a trust institution appointed by a court to care for the property of a minor or incompetent. As guardian of the estate, AIB provides professional asset management for the benefit of the minor or incompetent in conjunction with an annual accounting and approval by the court.
