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For unique needs.

To meet the unique needs of our high net worth clients, we work with a wide variety of independent trust companies who serve in a number of roles, including trustee, co-trustee, custodian, personal representative, or agent to a trustee on several types of personal trusts. These independent trustees offer the professional management of skilled experts, impartiality in making investment decisions and dealing with beneficiaries, and state-of-the-art technology that serves clients better and faster.

In addition to our trust services, we provide high net worth clients a wide array of private banking options including securities based financing, liquidity and wealth transfer financing, commercial lines of credit and real estate solutions. Learn more about our lending solutions here.

Irrevocable Trusts

This type of living trust cannot be changed or canceled, but the assets are not considered part of your estate, so they are not accessible by creditors. Irrevocable trusts are typically set up to provide tax savings, asset protection or some other benefit.

Revocable Trusts

The terms of a revocable trust can be canceled or changed, and the trust can be terminated at any time. Revocable trusts do not take assets out of your estate, so they are still accessible to creditors. Living trusts such as this avoid probate and do not become a matter of public record.

 

Delaware Directed Trusts

Delaware is known as a trust-friendly jurisdiction with innovative laws regarding taxes and asset protection.  For high-net-worth individuals, establishing a Delaware directed trust offers several attractive benefits such as confidentiality, asset protection, substantial tax advantages, simple transfers and modernizations, and liberal investment policies.

Special Needs Trusts

Designed to provide financial security and long-term care to a beneficiary with special needs or a disability, a special needs trust preserves the eligibility for needs-based government benefits, so Supplemental Security Income and Medicaid will still be available to the beneficiary.

 

Charitable Trusts

There are two main types of charitable trusts that can help you support your favorite cause: A charitable remainder trust (CRT) is an irrevocable trust in which you receive income for life. Upon death, the remaining assets are donated to your charity of choice.

A charitable lead trust (CLT) is an irrevocable trust that pays an annuity to a charity for a set number of years, then pays the remaining assets to a named beneficiary upon your death.

A donor advised fund (DAF) is an additional alternative charitable giving solution. While not considered a trust, this is a simple, flexible and tax-efficient way to give to your favorite charities.

 

Life Insurance Trusts

These trusts give ownership of the life insurance policy to the trust, taking it out of your estate. This can help reduce estate taxes and make proceeds available immediately after your passing. The proceeds from life insurance trusts are used to pay taxes, legal fees, probate costs and other liabilities when the person who created the trust dies. After the debts are paid, the trustee distributes the remaining proceeds to the beneficiary.

Other Specialty Trusts

We work with you to come up with the best solution for your unique needs, from generation-skipping trusts and marital-bypass trusts to dynasty trusts and beyond. Learn more about estate planning here.

Traditional Broker The Gleason Group
24/7 Access & Immediate Response no yes
Independent Trust Companies no yes
Estate Planning no yes
Beneficiary Coordination no yes
Private Banking no yes
Financial Life Planning no yes
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