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Regulation CC Funds Availability Change, Effective 7/1/20
Amounts made available for withdrawal on the 1st business day after checks deposited is increasing from $200 to $225 and $5,000 to $5,525 on large deposits.
For more information, please contact us.

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Planning for Your Future

ACTING IN YOUR INTEREST.

The success of your plans will depend largely on how they are executed. Proper estate planning requires you to trust someone to carry on for you.

Do you have someone to carry out your future wishes? Our trust administration experts can help.

Trust Administration Services include:

  • Revocable Living Trusts
  • Irrevocable Trusts
  • Charitable Remainder Trusts
  • Grantor Retained Trusts
  • IRA and Roth IRA Management
  • Public or Private Foundation Management
  • Guardianship Management

Through Our Premium Trust Attention, We’ll:

  • Coordinate estimated tax payments working with your tax accountant or preparer
  • Process bills (unlimited) and medical claims
  • Facilitate caregiver services, including transportation
  • Manage your checkbook and any real estate held in trust
  • Arrange home repairs and capital improvements
  • Organize medical and prescription services
  • Make personal visits

Choosing the Right Trustee

Choosing a trustee for your trust is one of the most important decisions you will make. Englewood Bank & Trust provides professional trustee services and is an excellent choice to serve as trustee of your revocable or irrevocable trust or IRA.

The question is whether to choose a corporate or an individual trustee. There are significant responsibilities in being a trustee, and providing quality trustee services requires expertise and knowledge that individuals may not always possess.

When considering naming your trustee, consider some of the required responsibilities:

  • Taking possession and maintaining control of trust assets
  • Collecting amounts due and paying expenses
  • Maintaining clear and accurate accounts and records
  • Administering the trust in the interest of the beneficiaries
  • Valuing assets for tax, insurance, disposition, and capital gains reporting purposes
  • Arranging for payment of estate, inheritance, and income taxes
  • Monitoring trust or estate portfolio investments
  • Administering the trust according to the provisions in the trust documents

The job of being a trustee is demanding. It also carries a certain amount of liability if not done correctly and responsibly. If trustees act inappropriately they will be held liable for violations of applicable laws, non-compliance with terms of the trust, or failure to discharge any trustee duties or responsibilities. In fact, a Corporate trustee is held to an even higher standard than an inexperienced individual acting as a trustee.

For a free, comprehensive guide to the important task of choosing a trustee, please contact Kerry Hunter at 941-473-3629 or by email at khunter@ebtfl.com.