Trustee Services Explained

Trustee services are important to making sure your trust is administered correctly. It can be difficult to give up the control of your trust money to an outside company.  The extra trustee fees gives people doubt. Often, individuals will hire friends or family members to serve as trustee for their trust. Sometimes this is a great idea, but sometimes it is not. (more…)

Bank trust company – what is that?

Almost every city has a bank trust company. A bank trust company is a corporation that acts as an agent, fiduciary or trustee. It is a trust company within a bank. Examples of a bank trust company are:  CoAmerica, JP Morgan Trust Company, SunTrust and Frost Trust Company. The term “bank” usually refers to those institutions dealing strictly with deposits, and loans. A trust company is a corporate trustee that can be tied or not tied to a bank and just offers trustee services. (more…)

The Secure Act affects your retirement planning

What is the Secure Act?

This year the House of Representatives passed the Setting Every Community Up for Retirement Enhancement Act, known as the Secure Act.  The purpose could help Americans save for retirement, unfortunately, Individual Retirement Accounts, 401(k)s, and Roth IRAs will have their value reduced. Waiting for Senate approval, the Secure Act gives non-spouse beneficiaries 10 years to pay out all the money of an IRA. The effect to beneficiaries – a huge tax hit for distributions. This could place beneficiaries in a higher tax bracket.  (more…)

Recent Post

Trustee Services Explained

Trustee services are important to making sure your trust is administered correctly. It can be difficult to give up the …
Read More

Bank trust company – what is that?

Almost every city has a bank trust company. A bank trust company is a corporation that acts as an agent, …
Read More

Do you write your own blog?

Do you write your own blog?  I do.  Why? At my core I am a geek/nerd who loves to learn.  …
Read More

Loading...

Like What You are Reading? Sign Up Below

Pin It on Pinterest