Trust Services

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A personal trust is one of the most effective and flexible estate planning tools available to help you preserve your assets and ensure your wishes are followed after your death. Simply, a trust is a legal agreement in which the person who establishes the trust transfers ownership of certain assets to a trustee, such as Texas State Bank. The trustee is responsible for administering the trust and managing the assets for the benefit of the beneficiaries. The trustee also is responsible for distributing the assets as specified in the trust agreement. The trust can be created during life or as a part of a person's last will and testament.

A trust can have many benefits, including minimizing estate and gift taxes, while at the same time relieving you or a family member of the day-to-day duties of asset or property management.

There are a number of different types of trusts, including:

Revocable Living Trusts provide for the management and distribution of assets outside of probate in the event of incapacity or death. The grantor may retain all powers to manage trust assets until it becomes necessary or desirable to transfer the management responsibility to Texas State Bank.

Charitable Trusts provide flexibility in sharing gifts between a person's family and qualified charitable organizations. Charitable trusts may be created during life or as a part of your last will and testament.

Testamentary Trusts are established under a will to provide asset management for the benefit of individuals, including minor children, elderly parents, family members needing special assistance or families over multiple generations.

Your trust advisor will work with you to establish a trust that fits your individual situation, and will assist you and your family over the years to ensure that your goals and their needs are handled appropriately. The combinations of personal service, long-term relationship and trusted advice will give you confidence that your family will be taken care of in accordance with your wishes.

For more information on our trust services, please stop by or call us at (800) 881-7635.