Skip to Content

Trusts & Estates for Individuals & Families

Guidance and Strategies to Help Fulfill Your Vision for the Future

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 transfer wealth, fulfill philanthropic goals, minimize wealth transfer taxes, maintain privacy, protect assets and provide ongoing management of your affairs if you no longer want or are unable to manage them. Your Bank of America Private Bank team can help educate you and your family about trusts, and can carry out your estate plan as executor and trustee.

Having served generations of families, we have the knowledge, resources and experience to handle trusts and estates with sensitivity and the highest level of professionalism. With 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. 

Project Title: Private Bank Trust Video

Date: 03/10/20

Version #: As Produced

Agency/Production Company: Newfangled Studios

Total Run Time: 1:51

ID Code: 2954148

 

 

Audio Script

 

Onscreen copy:

What role could a trust play in my wealth management strategy?

 

Onscreen disclosure:

Please read important information at the end of this video.

 

Hi, I’m Mike Pelzar, Head of National Trust Services at Bank of America.

 

When I ask clients how they think about trusts, many describe them as a way to transfer wealth and help minimize estate taxes - and that’s true - but trusts are also used to meet a far wider range of needs.

 

I encourage you to think about it this way: you care for your family, business, and philanthropic organizations today. Creating a trust can help ensure everything that you value will continue to be cared for in the future.

Onscreen copy:

Build your legacy both during and beyond your lifetime

 

It’s designed to control how your wealth is distributed so you can provide for the people and causes you care about most.

Onscreen copy:

Customize and control how your wealth is distributed

 

For some people, trusts can help to address family dynamics, especially in the case of divorce, blended families, or other complex family situations.

 

A trust might offer protection from creditors, or anyone who might be looking to take advantage of your family—now or as they get older.

 

Onscreen copy:

Help preserve and protect assets

 

You may also find a trust helpful if you are likely to be called upon to help a parent or other relative manage their own financial affairs.

 

Finally, there are the traditional uses of trusts, including tax optimization and minimizing the administrative burden of managing your estate.

 

Onscreen copy:

Minimize federal or state taxes

 

Plus, a trust can help you avoid a costly probate process.

 

At Bank of America, we have the objectivity and resources to handle trusts and estates, from the simplest to the most complex.  In fact, we’ve been doing it for many generations.

 

I encourage you to contact an advisor to learn more about Bank of America Trust Services.

 

Let us help you make your vision for the future a reality.

 

Disclosure:

 

IMPORTANT INFORMATION

 

Bank of America and its affiliates do not provide legal, tax or accounting advice. Clients should consult with their legal and/or tax advisors before making any financial decisions.

 

Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC, and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).

 

Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC, and wholly owned subsidiaries of BofA Corp.

 

Investment products:

 

| Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |

 

© 2020 Bank of America Corporation. All rights reserved. 2954148

 

 

Services

Trust Services

Bank of America Private Bank has the experience, knowledge and resources to administer complex personal and charitable trusts. 

Estate Settlement

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

Delaware Trust Services

Trusts established under Delaware’s unique laws 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. 

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 nonfinancial assets into your overall wealth management plan and manage them through the settlement of your estate. 

Related Solutions

Strategic Philanthropy & Grantmaking

Personal giving strategies that compliment your passions and purpose. 

LEARN MORE

Business Owners

Insights and guidance for you, your family and your business needs.

Start Exploring

Wealth Planning

Custom tax and cash flow strategies and planning for future generations.

SEE HOW

Related Insights

TOP