Solutions & Services
Custom solutions to strengthen your legacy
To meet the unique needs of our clients, Raymond James Trust, N.A. can serve in a number of roles, including trustee, co-trustee, custodian, personal representative, or agent to a trustee on several types of personal trusts. As trustee, Raymond James Trust offers the professional management of skilled experts, impartiality in making investment decisions and dealing with beneficiaries, and state-of-the-art technology that helps serve clients better and faster.
Our team offers a vast array of trust solutions, including:
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.
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.
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 but is not considered a trust. For more information, click here.
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.
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.
Delaware Directed Trusts
Delaware is known as a trust-friendly jurisdiction with innovative laws regarding taxes and asset protection. Through our private label partnership with New York Private Trust Company, Raymond James Trust is able to offer this type of trust to nonresidents. For affluent 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.
Other Specialty Trusts
Raymond James Trust can work with you to come up with a sound solution for your unique needs, from generation-skipping trusts and marital-bypass trusts to dynasty trusts and beyond.
We’re here to help when the dust needs settlingYou and your beneficiaries can count on Raymond James Trust to be present every step of the way as arrangements are made and carried out during a complicated, stressful and difficult time. From providing accurate explanations of all estate and court proceedings to preparing final tax returns, we’re here to guide you.
Trust SettlementIf your estate is set up through a trust, Raymond James Trust can help coordinate the settlement after death. We keep detailed records to effectively manage the estate and work with attorneys and accountants to ensure that assets are distributed according to your wishes. This type of settlement is appropriate for those who have set up their estate through trusts, those who cannot or do not want to manage their financial affairs, or those who wish to have assets remain in trust for their family after passing.
Estate SettlementIf your estate is set up through a will, Raymond James Trust can help move the settlement through the probate process, coordinating with attorneys and accountants while identifying, collecting, valuing and managing your assets, final taxes and so forth. As personal representative or executor, we will keep detailed records to effectively manage the estate, relieve family members of an overwhelming responsibility and provide superior personal attention to beneficiaries. This type of settlement is appropriate for those who have their estate set up through a will, those who would like the confidence that comes from knowing that their estate is secure and protected from unnecessary settlement costs and taxes, and those who want their heirs to be provided for properly and their estate settled according to their wishes.
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.