Trust & Estate Services
Preserving Your
Assets—for Your Family, Your Heirs and the Philanthropic Causes Most Important to You |
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| As you grow your wealth, preserving it for future generations and
the philanthropic causes you care about takes on paramount importance. Our experienced trust and estate
professionals work with you to consolidate and manage your trust and estate needs, addressing a broad range of
concerns, from reducing taxes to maximizing income for your beneficiaries. We offer a variety of estate
planning services¹ as they relate to wills, powers of attorney, corporate executorships, the disposition of
your assets and the settlement of your estate. |
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| Individual
Retirement Trusts |
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You may be familiar with Individual Retirement Arrangements (IRAs) in the traditional custodial format, in which you manage your own tax-deductible contributions and make your own investment decisions. But if you have significant retirement assets, an alternative format— called an Individual Retirement Trust (IRT)—may address your complex objectives more effectively. An IRT delivers the identical tax advantages of the custodial format but provides you greater flexibility, control, convenience and protection.
By designating Harris to serve as your Individual Retirement Trustee, you will benefit from a wide range of retirement planning services, including: |
- A professionally managed portfolio as part of your broader wealth management and estate planning strategy with a wide range of investment choices
- Flexible options for structuring your account based on the tax and investments strategies that are most advantageous for your goals
- Beneficiary designation options to maximize tax deferral and estate planning
- The support of an experienced trustee acting on your behalf
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| Trust
Administration |
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| By designating Harris Private Bank to serve as your corporate
trustee, you will benefit from a wide range of trust services, including: |
- Management, investment and distribution of assets
- Distribution of trust funds in accordance with your stated wishes
- Protection of the confidentiality of information
- Preparation of tax-related documents
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| Estate
Administration |
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| When you appoint Harris to be your executor or personal representative, a professional team of specialists will apply the utmost skill, sensitivity and discretion in
helping you plan for the disposition of your assets and the settlement of your estate. We can do the
following: |
- Probate your will
- Collect assets and information
- Determine debts and claims against the estate
- Manage all elements of the estate, including investments
- Analyze and resolve time-consuming and complex tax issues
- Determine and arrange payment of all taxes
- Distribute the estate
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| 1 Estate Planning requires legal assistance which Harris does
not provide. Consult your personal counsel. |
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