At Lake City Bank, we understand that selecting a fiduciary is one of the most important financial decisions you can make. For more than 65 years, our Wealth Advisory Group has provided trusted guidance and stewardship for individuals, families, and institutions across generations.
Our standard of care is simple yet powerful: we act in your best interest — always. Every recommendation, every decision, and every action we take on your behalf is measured against that principle. It is the foundation of the personalized, compassionate approach we bring to each client relationship.
Trusts are among the most effective planning tools for protecting wealth and achieving long-term goals. The right trust can:
- Help maintain privacy by keeping your estate out of probate.
- Help minimize tax liability now and when your estate passes to your heirs
- Provide care and support for individuals and family members with unique needs
- Serve as an effective investment management tool
- Protect and support your heirs and the charitable organizations you care about
The Wealth Advisory Group at Lake City Bank works closely with you to understand your vision for the future, then designs and administers trust solutions tailored to your specific needs. We can help you choose, structure and administer the trust tools that are best for you, including:
Living Trusts
- Serve as effective estate planning tools while avoiding probate
- Provide investment management capability
- Provide full financial services during incapacity
Irrevocable & Testamentary Trusts
- May provide substantial estate and gift tax savings
- Provide investment management and financial support to named individuals
- May offer protection from creditors
- May be in place for a lifetime or for a period of defined need
- May help meet educational, medical and other needs
- Offer professional management and accountability
Charitable Trusts
- Offer immediate income and estate tax benefits
- Provide ability to retain income and remove assets from taxable estate
- Allow for present-time charitable gift while retaining benefits of the property held in trust
- Allow for tax advantaged, more productive use of appreciated, low cost basis assets
Escrow Retainage Accounts
- Allow for prompt payments to contractors
- Offer daily automatic sweep to investments
- Provide monthly reports
- Feature competitive rates and fees
Connect with our Wealth Advisory Group team to design and implement trust solutions that protect your wealth and reflect your legacy.
Investment products used by the Wealth Advisory Group are not obligations of nor guaranteed by Lake City Bank, are not FDIC insured, are not a deposit, and may involve risk, including possible loss of principal.
