Trust & Estate Planning

The Private Trust Company, N.A. (PTC) supports the use of trust accounts for our clients. PTC is a wholly owned subsidiary of LPL Financial, LLC and a nationally chartered trust bank licensed in all 50 states. PTC is a valuable resource dedicated to serving our clients by delivering administrative trust services.  

Revocable or Living Trusts:

Revocable or living trusts are the foundation of many clients’ estate plans. Irrevocable trusts are used for many specific asset protection and tax benefits, and to handle assets after your client has passed away. 

Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs)

CRTs and CLTs are popular among clients with charitable intent while providing tax benefits to you and your heirs. Expertise in administering and accounting for such trusts makes PTC an attractive partner. 

Special Needs Trusts:

This type of trusts are often established by the parents or relatives of a disabled child, with funds to be used to pay for supplemental or living expenses of the disabled person not paid by other sources. Special needs trusts can also be set up with the disabled person’s own funds, again to provide for supplemental medical or living expenses to ensure maximum protection and benefits. 

Foundations:

A foundation provides a structure for individual or family giving that can last for multiple generations. The donor receives income and capital gains tax benefits for assets given to the foundation. The foundation pays no taxes on investment returns, but it must make minimum distributions (generally around 5% of assets) to charities each year.