wealth management accounts
- Investment Management Accounts are invested and managed by HCSB's portfolio manager, South Texas Money Management, Ltd.
- Directed Accounts are invested and managed per your instructions.
- Both types of accounts provide custody of assets, record keeping, collection and disbursement of income, receipt of capital changes and purchase or sale of securities.
- HCSB serves as custodian of your investment assets while you or your investment professional retain authority over investment decisions and execute purchases and sales of securities.
- We do the detail work such as collection and disbursement of income, with provision of transaction statements and asset inventory.
- A flexible trust which allows you complete control.
- Receive the expertise of HCSB’s investment management during your lifetime.
- HCSB administers your trust, according to your wishes and under the terms of your trust document.
- Living trusts may continue after your death for the benefit of your family.
- Often created as an estate-planning tool or vehicle for charitable giving.
- HCSB acts as trustee and manages your investments, making both required & discretionary distributions to all concerned.
- Distributes your assets upon termination of the trust to the remaining beneficiaries.
To establish a philanthropic legacy that will pass along your values as well as your wealth.
- Charitable Lead Trust — pays an amount of income and/or principal to the charitable beneficiary of your choice, paying remainder to non-charitable beneficiaries at end of term.
- Charitable Remainder Trust — pays an amount of income and/or principal to a non-charitable beneficiary for a term of years (not to exceed 20), paying remainder to charitable beneficiary at end of term.
- An irrevocable trust that owns your life insurance policy (or policies) removing it from your estate for tax planning purposes. The trustee pays the premium(s) to keep the insurance in force, collects the death benefits when you die and distributes the money to your beneficiaries.
- An effective method of generating liquidity in your estate to pay taxes, fund bequests, or transfer wealth to subsequent generations.
- Managed IRAs are invested and managed by HCSB's portfolio manager, South Texas Money Management, Ltd.
- Directed IRAs are invested and managed per your instructions.
- We can aid you in routine expenses and debt payment, coordinating household employee and caregiver payrolls with associated payroll reporting; maintaining insurance coverage and coordinating benefit payments; and management of real estate taxes and other household maintenance. HCSB can also provide annual recordkeeping statements and coordinate tax preparation with your accountant.
- To preserve governmental benefits and protect assets, a Supplemental Needs Trust enables a person under a physical or mental disability, or an individual with a chronic or acquired illness, to have, held in Trust for his or her benefit, an unlimited amount of assets. In a properly-drafted Supplemental Needs Trust, those assets are not considered countable assets for purposes of qualification for certain governmental benefits.
- A SNT helps meet long-term expenses and enhance the quality of life by providing financial support for special living arrangements, recreation, and social services and companionship.
Special needs call for special solutions. Many personal financial objectives extend well beyond those that just investment services cover. A trust can be a special tool that lets us help you reach your goals:
Professional investment management during your life
Managing your assets in the event of disability
Providing for your loved ones after your death
Financing your children's or grandchildren's education
Supporting an elderly or disabled relative
Making charitable bequests - leaving a legacy of your values as well as your wealth
Minimizing or avoiding estate taxes
As your executor, HCSB can administer your estate and take it through the complexities of probate. In naming HCSB as your executor, you can rely on our expertise, competency and compassion to provide knowledgeable, efficient and impartial administration of your estate, while relieving your family of the burdens and responsibilities of estate administration. HCSB will work in tandem with family members, attorneys, and CPAs to effectively and efficiently handle the business of estate administration.
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| West Texas HCSB customers also have access to Brokerage Services and Insurance Services through Investment Centers of America, Inc. Please call the West Texas office to make further inquiries. Investment Centers of America |
