Personal trust services offered by Ameriprise Bank
Protect what matters most with a strategy that safeguards your wealth and honors your intentions
A trust helps you to manage and pass on your assets with intention, both during your lifetime and after. It gives you more control, clarity and confidence that your wishes will be carried out as intended.
Building your legacy with trust strategies
As part of a well-thought-out estate plan, a trust can provide privacy, flexibility and greater control over your assets. They’re not just for the wealthy. Many people use trusts to avoid probate, minimize estate taxes, protect assets from creditors and maintain privacy.
Depending on your needs, a trust can help you:
- Control asset distributions over time (especially for minor children)
- Perfect beneficiaries from family disputes
- Provide for a disabled or special needs family member
- Support charitable causes in a tax-efficient way
- Manage assets if you become incapacitated
Selecting a trust that meets your goals
Trusts can be structured in different ways to support different financial objectives. Understanding the features of each Ameriprise trust solution helps you and your advisor make informed decisions aligned with your financial plan and long-term goals.
Revocable trusts are designed for flexibility and control, allowing you to:
- Alter, amend or revoke the trust terms whenever you choose
- Help maintain privacy and simplify your estate settlement – especially if you own property in multiple states
- Offer support if you are injured or incapacitated and can't manage your own financial affairs
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 through the trust
- Support funding during your life as well as after your death
Created as part of your will, testamentary trusts only take effect after your passing. They may help you:
- Reduce estate taxes
- Exercise control over how your assets will be used after your death
Charitable trusts are irrevocable trusts designed to ultimately benefit a chosen charity and offer potential advantages such as:
- Deferring capital gains taxes on appreciated assets
- Reducing your estate tax liability and provide an income stream for you or another individual
Specialty trusts are designed to address unique planning needs, including the ability to:
- Support beneficiaries with physical or developmental disabilities through special needs/supplemental trusts
- Protect the interests of unmarried life partners
- Ensure tax deferral of your IRA assets for heirs after your death by using a professional trustee with a specialty trust
Building and managing your trust together
Creating a trust is a collaborative effort between you, your Ameriprise Financial advisor and your tax and estate lawyers. We can help you maintain, monitor and handle the reporting for your trust.
In addition, Ameriprise Bank provides professional fiduciary services to help ensure the legacy you desire is carried out according to your wishes.
- Maintaining thorough records
- Providing required statements to beneficiaries
- Gathering and updating information on all trust beneficiaries
- Paying bills
- Tracking and reporting trust principal and income accounting
- Preparing and filing fiduciary income tax returns
- Collecting income from trust assets
- Disbursing funds in accordance with the trust agreement
Or, request an appointment online to speak with an advisor.
At Ameriprise, the financial advice we give each of our clients is personalized, based on your goals and no one else's.
If you know someone who could benefit from a conversation, please refer me.
Background and qualification information is available at FINRA's BrokerCheck website.
Investment advisory products and services are made available through Ameriprise Financial Services, Inc., a registered investment adviser.
