Our team can assist you and work with your legal and tax professionals in developing a total plan to meet all of your trust needs, including providing management of your assets, development of your estate plan to avoid probate, minimize taxes for your beneficiaries, and address any charitable giving you desire, including documents such as:
- Living Revocable Trust & Pour Over Will (or Testamentary Trust)
- Durable Power of Attorney
- Health Care Proxy
- Living Will
- Irrevocable Life Insurance Trust
Our bottom line goal is to develop a strategy for you and your family to allow your assets to flow to your chosen beneficiaries by the most efficient and cost-effective means possible.
Personal Trust Administration
Community Bank of Raymore has the experience to provide personal and detailed trust administration services as a Trustee or Successor Trustee. In serving as Trustee, we can hold and manage assets held by a trust and carry out your written instructions contained in the trust document. Our trust administration fees are competitive and reasonably priced. We have developed relationships with attorneys, accountants and financial planners throughout the area relating to trusts and their administration, so as to maintain your current professional relationships. Our duty is to provide administration of your trust so that your wishes expressed in your trust agreement are carried out in every detail without delay.
Community Bank of Raymore provides services as an Executor or Personal Representative when named by Will, taking great care to timely and thoroughly serve the probate estate as required by law, including providing an inventory of the estate assets, paying bills as authorized, filing personal and fiduciary income and any federal estate tax returns, managing the estate assets and distributing them according to the terms of your Will and by state law. Many of our clients find that having Community Bank of Raymore perform these duties relieves their family members from this obligation and burden during a difficult time.
We can serve as Custodian for assets of our individual clients and investors, including providing bookkeeping and recordkeeping services, documentation of securities transactions, income collection and distribution, maintenance of tax cost basis and tax and income information, as well as other notifications.
Foundation and Endowment Services
We have experience in managing investment assets for non-profit organizations and private foundations of any size. We offer investment oversight, administration and tax documentation.
It is our investment policy to carefully analyze each account to establish our trust client's goals and objectives, both short term and long term. We will document the client's investment objectives and what we will propose to meet those goals. From there, asset allocation models are implemented, closely monitored and adjusted periodically as may be necessary. We strive to preserve your principal assets and maximize income return by way of a thought-out, closely monitored and disciplined investment plan with diversified holdings based on our client's goals.
Charitable gifts can be made during your lifetime, and also after your death, for which you may realize significant tax savings. The most common assets gifted are real estate, cash, stock and bonds, but you can gift almost any type of asset to charitable groups. Community Bank of Raymore can assist you in establishing any specific charitable giving strategies you may wish to implement.
Community Bank of Raymore works to supplement the attorney/client relationship through timely communication. We can review drafts and current documents to inform clients and attorneys if we are able to administer their document. Samples of mandatory language may be provided for some specific circumstances. If the trust client does not have an attorney experienced in the area of estate-planning, Community Bank of Raymore has relationships established with many highly qualified attorneys experienced in this area of law throughout the Midwest from which to provide referrals.
In all documents naming Community Bank of Raymore, we would request the drafting attorneys please reference:
Community Bank of Raymore
P.O. Box 200
Raymore, MO 64083
Please call us at (816) 322-2100 or email us at [email protected] to see how we may be of service to you.
Trust investments are not insured by the FDIC. Trust investments are not deposits or obligations of the institution and are not guaranteed by the institution. Trust investments are subject to investment risks, including possible loss of the principal amount invested.