Trust Management and Estate Planning

Legacy planning with trust and estate strategies

You’ve spent a lifetime achieving your dreams and growing your assets, and you deserve a strategic plan for creating your legacy. UMB’s trust and estate management services allow you to protect what’s most important—your family and the generations to come.

Trust Management and Estate Planning

Legacy planning with trust and estate strategies

You’ve spent a lifetime achieving your dreams and growing your assets, and you deserve a strategic plan for creating your legacy. UMB’s trust and estate management services allow you to protect what’s most important—your family and the generations to come.

A legacy unique to you

We take the time to understand your story and, together with your advisors, create a comprehensive estate plan to help preserve and protect your assets.

Strategic insight and asset planning

We can help create you a sound estate plan that allows you to strategically distribute your assets according to your wishes and to pay any final expenses while minimizing cost and delay.

Comprehensive solutions

In addition to administering thousands of estates and trusts, we focus on you and your family, providing family governance and education to wealth transfer, charitable trusts and foundations, fine art and collectables management.

UMB Private Wealth Management operates as a fiduciary, which means we put your interests first. Right where they should be.

What you can expect

  • Comprehensive consultation and financial reviews
  • A multi-faceted and experienced team ready to work for your goals
  • Creative tax management to optimize funds for your beneficiaries
  • Professional management and disbursement of your assets
  • Meticulous and compliant recordkeeping and regulatory management
  • Financial education and resources for the next generation

Wealth Life Cycle

We will be with you as your lifestyle evolves and you enter different stages of the wealth life cycle. With UMB, you have a guiding partner from financial advising and wealth building strategies, to retirement and legacy preservation plans.

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    Accumulate

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    Grow

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    Protect

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    Share

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    Transfer

Which trust is right for you?

UMB can help you work with an attorney to create a trust and estate plan that supports your wishes and helps you meet your legacy goals.

Revocable trusts (living trust)

A living trust can be a strategic complement to your will that provides additional privacy when it comes time to distribute assets and flexibility to accommodate changes over time. We can discuss the opportunities for a living trust and whether it’s right for you.

Charitable trust

A charitable trust allows you to designate funds to the causes and organizations you care about. There are several options with tax advantages and timelines that can align with your legacy plans.

Irrevocable trusts

If you are looking for a permanent trust solution to establish plans for your beneficiaries and manage taxes, an irrevocable trust may be a good option. Our specialists are skilled in the complexities and nuances of establishing irrevocable trusts and can help you strategize as you determine your wishes.

Testamentary trust

These trusts can help you provide long-term benefits to your family, or your favorite charity. We can be appointed as your trustee to hold and manage property for the benefit of your beneficiaries

Dynasty trust1

A dynasty trust can help you secure the financial future of generations to come with a trust that is designed to potentially last forever. You can provide for your beneficiaries for years to come while minimizing taxes. While we cannot predict what the future holds, UMB Trust Company of South Dakota can help build you a well-designed trust that can react to the changes tomorrow may bring.

Trusteed individual retirement account (IRA)2

An individual retirement trust is a unique estate planning option that combines the tax advantages of an IRA with the management and monitoring of a trust, all in one agreement.

Custody solutions

As custodian for the assets of individual investors, UMB provides various bookkeeping services, including periodic statements, collection and distribution of income, details of purchases and sales of securities, notification of all transactions and year-end tax information. With a UMB custody account, you can:

  • Make your own investment decisions
  • Let UMB handle all paperwork
  • Increase your financial efficiency
  • Receive consolidated investment records

Gifting Strategies

UMB has a team of financial professionals who can help you create and implement the gifting strategy that helps you meet your financial and estate planning goals. As part of your legacy vision, gifts to charity may be made during your lifetime or after your death. You may give nearly any type of asset to charitable groups. Common gifts include:

  • Property
  • Cash
  • Stocks and bonds

Probate estate planning

The probate process can be intimidating. Approach the process with confidence knowing your heirs will have the best care possible with UMB named executor or personal representative of your estate. Our team of professionals will provide neutral management with comprehensive estate and tax services:

  • Prepare an inventory of assets
  • Pay final bills
  • Safeguard and invest assets in accordance with the terms of your will
  • File appropriate tax returns and pay final taxes due

Eight reasons to revisit your estate plan

With changing tax laws, regulations and life circumstances, estate plans can easily outdate themselves. As such, they should be viewed as fluid documents, rather than an unchanging concrete plan.

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Establishing a trust: Planning for the future intention

Every legacy is unique; there is not a “one size fits all” approach to the creation of an estate plan. With every estate plan, which might include one or more trusts, understanding the goals of the family or business is critical.

Full-service banking and planning

Get started on the next step of your financial journey with UMB’s Private Banking solutions

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Custom portfolio construction and management

We deliver a full-service experience with a dedicated wealth advisor team providing customized investment guidance based on your goals.

Learn more

  1. Dynasty trusts offered through UMB Trust Company of South Dakota. Consult with your attorney about naming UMB Trust Company of South Dakota as trustee and how the benefits of a dynasty trust may enhance your estate plan, regardless of where you reside. Contact us at 800.862.6670 to learn more about your legacy options.
  2. Not FDIC Insured • No Bank Guarantee • May Lose Value

Bank deposit products provided by UMB Bank n.a., Member FDIC. Equal Housing Lender

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