Trust Services

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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

Revocable Trusts

  • This flexible trust 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.

Irrevocable Trusts

  • These trusts are often created as estate-planning tools or as vehicles 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.

Charitable Trusts

  • This is a good way 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.

Life Insurance Trust

  • 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.

Supplemental Needs Trust

  • 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 an unlimited amount of assets held in Trust for his or her benefit. In a properly drafted Supplemental Needs Trust, those assets are not considered countable assets for purposes of qualification for certain governmental benefits.
  • An 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.
Not FDIC Insured Not Bank Guaranteed May Lose Value
Not Guaranteed by any Government Agency Not a Bank Deposit