Expert Fiduciary
Depending on your goals, trusts may play a pivotal role. They can save taxes, protect assets from creditors, provide for children who are minors or who have special needs, or prevent funds from being eroded by family members. We can recommend trusts that will accomplish your purposes and serve as the trustee who carries out your intentions.
When you put property in a trust, which can be created during life or through your estate plan, the title passes to the trustee, who holds it for the beneficiaries—the individuals or charities that will receive the assets. Legally, the trustee is a fiduciary, which means the trustee has a duty to put the beneficiaries' welfare first.
Trust Administration
We have extensive experience administering trusts for clients throughout the United States. That makes us superbly qualified to handle all of a trustee's responsibilities, including:
- Investing the assets
Sophisticated investment and tax strategies are key to a trust's success, whether its purpose is to maximize income for a surviving spouse or optimize growth for descendants. Atlantic Trust invests a trust's liquid assets to carry out the short- and long-term goals of the trust. We also have the ability to handle unique assets, such as real estate and business interests.
- Balancing the needs of current and future beneficiaries
Distributing assets to a current beneficiary may deplete the trust to the detriment of the future, or remainder, beneficiaries. On the other hand, preserving assets for future beneficiaries may deprive current ones of necessary cash flow. Atlantic Trust has years of experience interpreting and carrying out the intentions of trust creators while balancing the interests of all beneficiaries.
- Accounting and tax reporting
Trusts have specialized tax reporting and accounting requirements. Atlantic Trust maintains specialized systems to prepare customized reports to beneficiaries and prepare all necessary filings.
