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Trusts & Estates

Guidance and strategies to help fulfill your vision for the future

 

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Realizing your vision for the future requires a carefully crafted estate plan and the knowledge, guidance and resources of an experienced team.

Our approach

An estate plan can help you control the transfer of wealth, fulfill your philanthropic goals and minimize taxes. A trust can be an important element of your estate plan, offering the flexibility you need to meet a variety of short and long-term planning goals. Your Bank of America Private Bank team can help you implement an effective estate plan and educate you on the types of trusts that may fit your needs.

Having served generations of families, we have the knowledge, resources and experience to administer trusts and estates with sensitivity and professionalism. Bank of America is ranked #1 as the largest provider of personal trust services with $130.4B under management.1 With trust and wealth strategies professionals located in offices across the country, we can work closely with you, your family and your advisors to administer your estate plan both during and after your lifetime.

Services

Trust Services

With the experience and resources to administer complex personal and charitable trusts, we can serve as: Trustee or executor, providing a full-range of fiduciary asset management and administrative services; Co-trustee or co-executor, with an individual of your choosing; Agent, allowing you, or the person appointed, to control investment decisions and discretionary distributions, while receiving support from Bank of America.

Delaware Trust Services

Trusts established under Delaware state law can help minimize taxes and preserve financial confidentiality, as well as, transfer ownership in a private business while you maintain day-to-day management control. 

Trusteed IRAs 

A trusteed IRA can help you preserve and pass on the tax advantages of significant 401(k) or other retirement assets, while integrating them into your overall wealth transfer plan.

Charitable Solutions

We can administer your charitable trust, provide services to help simplify the management of your private foundation or enable you to support your charitable goals through the Bank of America Charitable Gift Fund. 

Estate Administration

Our experience, technical expertise and nationwide practice can help settle your estate, from filing estate tax returns and administrative details to managing and distributing your assets according to your wishes.

Specialty Asset Management

Our Specialty Asset Management group has extensive experience managing real estate, private businesses, timber, farm and ranch land and oil, gas and mineral interests. We can help you integrate these non-financial assets into your overall wealth management plan and manage them through the settlement of your estate.

Connect with a Private Client Advisor

Learn more about the benefits of working with Bank of America Private Bank

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1 FDIC's top 25 industry ranking: personal trust and agency assets under management (managed and non-managed), FDIC call reports, as of December 31, 2023.

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