Leaving a legacy to last for generations
There’s something very Texan about the desire to leave a solid legacy. As a bank that’s advised generations of Texans on the prudent management and distribution of their trusts and estates, we understand what it takes to ensure that legacy. Along with specialized services and strategies, we offer the peace of mind that comes from knowing your financial affairs are being properly and safely managed.
More About Trusts
Every family has specific needs and financial goals. These unique situations call for specialized solutions.
A trust can be beneficial in achieving goals such as:
- Financing a child or grandchild’s education
- Supporting an elderly relative or descendants
- Making charitable bequests
- Saving on estate taxes
- Managing your assets if you become disabled
- Providing investment management for your family after your death
You can enjoy all of the advantages of professional investment management as well as bill-paying services, payments for support needs in the event of a disability, and ultimate distribution of your financial assets outside of probate with a living trust administered by Jefferson Bank.
When you leave your assets in a trust, you are providing your heirs with professional management as well as the astute judgment of our trust professionals in evaluating distribution requests. Using a trust can provide a means for regular support payments for your heirs while shielding the assets from creditors. The assets can ultimately pass outside of the heir’s estate, creating a multi-generational wealth transfer.
Supporting causes, organizations and charities you believe in is not only philanthropic, but a smart financial strategy if properly planned and executed. Charitable remainder trusts are a flexible financial and tax-planning tool. Private and charitable interests in the trust must be balanced carefully, taking into consideration the tax consequences of choices made. Properly planned giving can provide:
- Income tax reduction
- Reliable income for life
- Tax deferral on built in gains
- The creation of a legacy
Estate Planning & Administration
Every financial plan should include careful estate planning. Whether for the purpose of eliminating or minimizing estate taxes, providing for multi-generational wealth transfer and management, or fulfilling philanthropic intentions, we will work with you and your legal and tax advisors to translate your long term goals into specific strategies.
Selecting an executor for your estate is a very serious decision. The executor will manage the distribution of wealth you have worked a lifetime to acquire. Serving as an executor requires technical skills, financial knowledge, experience and the ability to work effectively with the family members involved. In naming Jefferson Bank as your executor, you can rely on our expertise, competency and compassion to provide knowledgeable, efficient and impartial administration of your estate, while relieving your family of burdens and responsibilities.
When named as your executor, we’ll administer your estate and guide it through the complexities of probate. Our estate managers understand how to balance objectivity and sensitivity while handling the responsibilities of a fiduciary. Working with your legal and tax advisors, we can attend to probate matters and tax filings as we distribute your estate according to your wishes.
For nearly 70 years, we have provided generations of South Texas families with a full spectrum of wealth management services, delivered with the personal attention and integrity that is the hallmark of Jefferson Bank.