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.

Trust Solutions

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.

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.

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 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.

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.

Settlement Services

You 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.

If 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 Settlement

If 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.

Answers to the Most Frequently Asked Questions about Trusts

Few people understand the terminology and technicalities of trusts until they discover they need one ... and by then it may be too late. Use this list of frequently asked questions (and their answers) to help you better understand the reasons for trusts and the process involved in establishing them.

What is a trust?

A trust is a legal agreement between two parties, the person who creates the trust and the person, institution or independent trust company responsible for administering the trust, the trustee. The trustee manages the assets placed in the trust for the benefit of a third party, the beneficiary.

Who needs a trust?

Not everyone needs a trust, but most people should consider one. Trusts aren’t just for the affluent. Setting up a trust is an excellent way to control what happens to your estate, regardless of its size, to possibly reduce estate taxes and protect against the expense and aggravation of probate.

Unlike wills, trusts are not subject to probate and therefore allow you to keep your affairs private.

Will or trust? Which is best?

Most people need both. A big advantage of a trust is that it is generally the best strategy to avoid probate and protect financial privacy. Wills must be validated by probate court, a lengthy and expensive process that can take six months to two years and, in some cases, even longer. Probating a will may involve attorney’s fees, executor’s commissions, administrative and other court costs. Unlike wills, trusts are not subject to probate and therefore enable you to keep your affairs private and minimize settlement costs and estate taxes.

Why set up a trust?

There are many reasons to set up trusts. Married couples often realign the ownership of their assets to save substantial federal estate taxes and pass more on to their heirs. Rather than owning assets jointly, they choose to own assets individually so that they can each take full advantage of the increasing unified credit amount. Preserving each spouse’s unified credit can save hundreds of thousands of dollars in estate taxes.

If the time comes that you are no longer able to handle your own affairs, trusts can ensure that there will be someone who is experienced and objective to “mind the store.” If there is a serious illness or disability, a trust ensures that a plan is in place to take care of your needs and those of your loved ones.

When the trust is managed by a full-service trust company, other professional services can be provided, such as bill paying.

Business owners can use trusts to save on estate taxes when passing along businesses to heirs.

Trusts are also useful for blended families with spouses or children from previous marriages. The trust can spell out exactly how marriage affects the inheritance of children or grandchildren from a first marriage.

Naming an independent trust company removes the emotional element often associated with friends or family members.

Who sets up a trust?

Usually attorneys draft trusts.

What about fees?

Generally, fees for trust services are spelled out in the trust document. Under normal circumstances, they are calculated annually, based on the level of responsibility assumed by the trustee and the value of the assets in the trust. Fees are charged quarterly or monthly and a portion may be tax-deductible.

How are trust assets invested?

Ultimately, it is the purpose of the trust that determines how the assets are invested, and it is the responsibility of the trustee to see that the purpose is carried out. Often, the person who creates the trust will name a professional investment manager to work with the trustee and make investment recommendations based on the goals of the trust, the needs of the beneficiaries and the time horizon.

Is a trust right for you?

Even people of moderate means may be subject to estate taxes, which could be significantly higher than income taxes.

But saving on taxes isn’t the only reason for trusts. Some families want to plan for long-term care or education for their children or grandchildren. Others want to provide for a favorite charity. One thing is certain, if a trust is needed, the time to plan for it is now.

How do you choose a trustee?

Many people prefer to name an independent trust company to handle their affairs. Trustees who don’t deal with trusts on a regular basis can be overwhelmed by the duties required of them. Also, naming an independent trust company removes the emotional element often associated with friends or family members and assures that your wishes are fulfilled exactly as they are spelled out in the trust.

Why choose Raymond James Trust, N.A.?

There are several advantages to naming Raymond James Trust as trustee. Unlike other providers of trust services, our skilled professionals deal exclusively with trust issues. The solutions our trust experts provide are never “one size fits all,” but are individually tailored to fit personal needs.

In addition, Raymond James Trust offers:

  • Professional management by trained experts
  • Impartiality in making investment decisions and in dealing with beneficiaries
  • Commitment to placing our clients’ interests first and serving them with integrity, innovation, quality and hard work
  • State-of-the-art technology to serve clients better and faster
  • The confidence that comes from knowing your trustee is subject to regular audits by external auditors and government regulators