Realizing your vision for the future requires a carefully crafted estate plan and the knowledge, guidance and resources of an experienced team.
An estate plan can help you control the transfer of wealth, fulfill your philanthropic goals and minimize taxes. A trust can be an important element of your estate plan, offering the flexibility you need to meet a variety of short and long-term planning goals. Your Bank of America Private Bank team can help you implement an effective estate plan and educate you on the types of trusts that may fit your needs.
Having served generations of families, we have the knowledge, resources and experience to administer trusts and estates with sensitivity and professionalism. Bank of America is ranked #1 as the largest provider of personal trust services with $130.4B under management. 1 With trust and wealth strategies professionals located in offices across the country, we can work closely with you, your family and your advisors to administer your estate plan both during and after your lifetime.
With the experience and resources to administer complex personal and charitable trusts, we can serve as: Trustee or executor, providing a full-range of fiduciary asset management and administrative services; Co-trustee or co-executor, with an individual of your choosing; Agent, allowing you, or the person appointed, to control investment decisions and discretionary distributions, while receiving support from Bank of America.
Trusts established under Delaware state law can help minimize taxes and preserve financial confidentiality, as well as, transfer ownership in a private business while you maintain day-to-day management control.
A trusteed IRA can help you preserve and pass on the tax advantages of significant 401(k) or other retirement assets, while integrating them into your overall wealth transfer plan.
We can administer your charitable trust, provide services to help simplify the management of your private foundation or enable you to support your charitable goals through the Bank of America Charitable Gift Fund.
Our experience, technical expertise and nationwide practice can help settle your estate, from filing estate tax returns and administrative details to managing and distributing your assets according to your wishes.
Our Specialty Asset Management group has extensive experience managing real estate, private businesses, timber, farm and ranch land and oil, gas and mineral interests. We can help you integrate these non-financial assets into your overall wealth management plan and manage them through the settlement of your estate.
Learn more about the benefits of working with Bank of America Private Bank
Personal giving strategies that compliment your passions and purpose.
Custom tax and cash flow strategies and planning for future generations.
Farms, timberland and other nonfinancial specialty assets may offer financial benefits, while helping to diversify your overall portfolio.
1 FDIC's top 25 industry ranking: personal trust and agency assets under management (managed and non-managed), FDIC call reports, as of December 31, 2023.
Investing involves risk. There is always the potential of losing money when you invest in securities. Past performance does not guarantee future results. Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets.
Neither Bank of America Private Bank nor any of its affiliates or advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Credit and collateral subject to approval. Terms and conditions apply. Programs, rates, terms and conditions subject to change without notice.
Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”), and its agents.
Bank of America Private Bank is a division of Bank of America, N.A.
U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation.
| Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
Bank of America, N.A., and U.S. Trust Company of Delaware (collectively the “Bank”) do not serve in a fiduciary capacity with respect to all products or services. Fiduciary standards or fiduciary duties do not apply, for example, when the Bank is offering or providing credit solutions, banking, custody or brokerage products/services or referrals to other affiliates of the Bank.
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