Safeguard Your Legacy With S&T Trust Services
Trust & Estate Services
Explore our trust and estate planning services, designed to preserve your wealth and fulfill your legacy with the flexibility and protection you need.
Corporate Fiduciary
We possess expertise in fiduciary portfolio design accompanied with a discretionary distribution decision process.
Trust Services
We serve as trustee, co-trustee and successor trustee for revocable and irrevocable trusts; including special needs trusts.
Guardian of Estates
Upon appointment by the Orphan’s Court, we serve as financial guardian of the estate for minors or incapacitated individuals.
Estate Administration
We serve as executor when appointed by decedents. We also accept appointment by the Orphan’s Court as administrator, if the decedent has no will or the executor appointed under the will is unable or unwilling to serve.
Power of Attorney
We serve as agent under a power of attorney for financial and property transactions for a client (the principal). We will establish an investment management account to collect revenues and pay bills.
Special Needs
Special needs trusts can be complex in nature and require professional expertise to properly administer. Our advisors can help you with the necessary steps.
Corporate Fiduciary
Why Use a Corporate Fiduciary?
A corporate fiduciary offers several advantages for trust management. It provides unbiased investment and administration of the trust, ensuring decisions are made in the best interest of the beneficiaries. With continuity and a structured oversight process, it offers stability over time.
Corporate fiduciaries are experts in fiduciary investing, discretionary distributions and possess in-depth knowledge of fiduciary taxes. They utilize sophisticated trust accounting software to maintain accurate recordkeeping and tax ledger information. Additionally, corporate fiduciaries are subject to ongoing federal and state regulatory oversight, as well as regular internal audits, ensuring compliance and accountability.
Trust Services
Services for Beneficiaries
- Administer the trust according to its written terms
- Invest prudently based upon the trust’s objectives taking into consideration the trust’s expected duration, financial needs and risk tolerance
- Maintain impartiality in the treatment of all beneficiaries
- Maintain loyalty and avoid conflicts of interest
- Maintain accurate legal, financial and operational records
Estate
Administration
As executor or administrator, we are responsible to oversee the decedent’s estate with responsibility to:
- Probate the will
- Collect all assets with the legal duty to protect and maintain all estate assets
- Obtain date of death values for all assets
- Locate all creditors, pay all debts, pay all applicable taxes
- Distribute the remaining assets as directed by the decedent’s will