Trust and Estate Services
Our clients’ trust and estate requirements are managed by their in-house Account Manager. The Account Manager facilitates estate planning and administration, trust services, and personal finance.
Why Create a Trust?
Trusts are created for many reasons, including to:
  • Reduce or eliminate estate, capital gain, or income taxes
  • Transfer assets between generations
  • Avoid probate proceedings
  • Ensure confidentiality
Why Select a Corporate Trustee?
A Corporate Trustee can provide:
  • Management continuity
  • Expertise in investment, tax, and fiduciary matters
  • Asset management advice
  • The objectivity of a fiduciary advisor
  • Freedom from "family politics"
Key Components of an Estate Plan
NTC believes a well conceived estate plan is typically not one single document but a series of documents, each designed to address a different area. Some of the most common estate planning components are listed below.
  • Last will and testament to distribute your property according to your wishes.
  • Health-care power of attorney to enable a trusted relative or friend to make decisions about your medical care in the event that you cannot make your wishes known.
  • Durable power of attorney to arrange for the management of your assets if you no longer can manage them yourself.
  • Living will to provide end of life instructions to your physician on the types of medical care you do or do not want should you become incapacitated.
  • Personal trust agreements to help reduce or eliminate estate and inheritance taxes and to fulfill a variety of other goals, including probate avoidance.
  • List of emergency information to provide in one place the location of your assets and the names and phone numbers of key contacts such as lawyers, accountants, trust officers, and others who may be needed should you become incapacitated.
  • Letter of instruction to tell your family your wishes in matters (such as funeral plans and information for an obituary) that are not covered by other documents.
  • Proper designation of beneficiaries to ensure that certain assets (such as retirement accounts and insurance proceeds) go to the people you want; the beneficiary designation will be followed no matter what your will states.
  • Proper forms of ownership to allow you to take advantage of certain estate planning strategies, perhaps enabling you to use certain personal trusts to transfer property to your survivors, while minimizing the estate and inheritance taxes due.
Having a basic understanding of these estate planning components will help NTC work with you in developing appropriate estate planning strategies. The formal documents in your estate plan should be drafted by a capable estate planning attorney. NTC will coordinate and work with your attorney and any other professional advisors to assist you in accomplishing your estate planning goals.
Click here  to request more information on Understanding Estate Planning Basics.
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