Personal trust services offered by Ameriprise National Trust Bank

Creating a trust is a collaborative effort involving you, an Ameriprise financial advisor, and tax and estate lawyers. Ameriprise National Trust Bank provides professional fiduciary services to help ensure the legacy you desire is carried out according to your wishes.

How we can help

Trusts are often the outcome of a well-thought out estate plan. When you choose to work with an Ameriprise financial advisor and Ameriprise National Trust Bank, you will have access to a team of professionals that can help you:

  • Control how your assets are distributed
  • Potentially reduce taxes and transfer costs
  • Protect your assets according to your intentions
  • Create a lasting financial legacy

Ameriprise trust solutions

Revocable living trusts

Revocable living trusts provide the most flexible options:

  • Alter, amend, or revoke the trust terms whenever you choose
  • Provide privacy and help simplify your estate settlement – particularly if you own property in more than one state
  • Helpful if you are injured or incapacitated and can't manage your own financial affairs

Irrevocable trusts

Irrevocable trusts cannot be changed once established, but offer these benefits:

  • Provide estate tax savings or liability protection for family members
  • Reduce the size of your estate by gifting assets to your family via the trust
  • Fundable during your life as well as after your death

Testamentary trusts

Created as part of your will, testamentary trusts only take effect after your passing.

  • May help reduce estate taxes
  • Enable you to exercise control over how your assets will be used after your death

Charitable trusts

Charitable trusts are irrevocable trusts designed to ultimately benefit a chosen charity.

  • Defer capital gains taxes on appreciated assets
  • Reduce your estate tax liability and provide an income stream for you or another individual

Specialty trusts

Specialty trusts are used in unique circumstances:

  • To provide for heirs with physical or developmental disabilities
  • To protect the interests of unmarried life partners
  • Also, if you use a professional trustee, a specialty trust can help ensure the tax deferral of your IRA assets for your heirs after your death