Wealth Advisory Group

Trust Services

The responsibilities you entrust to a bank fiduciary like Lake City Bank are important and significant. When you choose to work with us, we use “the best interest of the client” as the standard of care we employ in everything we do for you. We believe that it is the best yardstick against which we can measure our work on your behalf. This standard is reflected in the individually designed, compassionate approach we use with each individual, family and institution we serve.

Trusts are powerful planning tools that can help structure your assets and accomplish your goals. Specifically, 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 who need special help
Serve as an effective investment management tool
Protect and support your heirs and the charitable organizations you care about

The Wealth Advisory Group can help you choose, structure and administer the trust tools that are best for you, including:

Living Trusts

Can be effective estate planning tools
Avoid 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

Investment products used by the Wealth Advisory Group are not obligations of nor guaranteed by Lake City Bank, are not FDIC insured and may involve risk, including possible loss of principal.

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