We understand your needs are unique based on your personal situation. That’s why our BOS Trust Services Department provides flexible options tailored to meet your individual needs. Whether personal, business or investment related, we are eager to help.
Our experienced trust and investment specialists will work to help you and your beneficiaries maximize the value of your assets. We’ll help you decide which of our services is right for you based on your objectives.
Trust Under Agreement
A Trust Under Agreement is used as a means to keep a property owner’s affairs in proper order even in the event of incapacity, prolonged illness or death of the owner. The owner may no longer desire to direct the trust or to act as trustee. BOS Trust Services can serve as trustee or successor trustee.
Trust Under Will
A Trust Under Will is created when a grantor’s Will stipulates that any portion of an estate is awarded to a trustee to be managed for a beneficiary(ies). BOS Trust Services can act as trustee for a Trust Under Will. This kind of trust does not become operative until after the death of the grantor.
Investment Management Agency
You may not have the time, facilities or specialized expertise to optimize returns on your investment portfolio. Under an Investment Management Agency Agreement, BOS Trust Services can manage the administrative details. BOS Trust Services under an Investment Management Agency will tailor investment portfolios to fit specific needs and objectives for individuals, businesses and organizations.
While custodians generally have no investment management or advisory duties, BOS as custodian will hold assets, facilitate trades, collect income, pay bills and provide periodic statements including tax information. BOS, serving as custodian, can implement directives for individuals, businesses or organizations.
When a minor, or disabled adult, becomes entitled to a share in an estate, a “guardian” of the “ward” is appointed by the court. If BOS is named guardian of the estate, BOS will hold and manage the property, make regular accountings to the court, distribute funds for the benefit of the ward and make the final settlement when necessary.
Trust and Estate Settlement
Professional death settlement services are needed when serving as a deceased’s executor/personal representative or trustee. As executor or trustee, BOS will carry out the duties necessary to finalize and distribute the trust and/or estate.
Irrevocable Life Insurance Trust
A life insurance trust owns insurance policies for you. Since you do not own the insurance policy when you pass away, generally the proceeds should not be included in your taxable estate. As trustee of your life insurance trust, BOS is responsible for ensuring the premiums are paid on the policy, notifying the beneficiary(ies) when deposits (gifts) are placed into the trust, and disbursing the proceeds as directed in the trust agreement.
Our trust specialists are happy to meet with you and any of your advisors including your attorney, broker, life insurance agent and your accountant. Together we will determine how to structure our trust services to best meet your individual needs.
There is no obligation for our free consultation service. Contact us today!
BOS Trust Services Department is not a “broker-dealer” and does not provide brokerage services.
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