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Asset Management Group

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Personal Trusts

Protecting your assets just makes sense, and to do that well you need the counsel of a trustworthy financial advisor. Union Bank’s expert staff, long history and solid reputation ensure you that the guidance and service you receive will help establish your financial security.

One of the most effective means of guarding your estate is setting up a trust. The trust can include a variety of assets—money, real estate, furniture, etc. The trust itself is a financial agreement used to benefit either a person (child, spouse or whomever) or group of people (a charity, other non-profit or cause, etc.).

“Living trusts" provide for the control and use of your assets during your lifetime and are distributed when you die as directed by the trust. The probate process is avoided for assets put into the trust.

“Testamentary trusts" take effect when you die and are tied to a will. A testamentary trust can help distribute your assets to those you wish to inherit at a future date.

A Union Bank Asset Management advisor can offer you the financial services and management required to deliver on your wishes, including:

• A revocable trust is in place as long as the grantor is still living; at any time, the grantor can “revoke” the trust.
• An irrevocable trust cannot be changed.
• A charitable trust is an irrevocable trust set up to benefit a charitable organization.
• A supplemental needs trust is for someone who has special needs or requirements.