Trusts

Trusts are one of the most powerful and flexible arrangements you can use to protect and provide for your loved ones. More than any other financial arrangement, trusts can increase the probability that your personal and financial goals and desires are achieved. In particular, trusts can help you preserve control over the disposition of assets, transfer wealth in a tax-advantaged manner, protect your assets, provide for the support of your loved ones, and make a difference through charitable giving; all while providing the flexibility to adapt to ever changing family circumstances.

One of the most difficult questions you will face is how to transfer your wealth to future generations. Often the answer involves the use of trusts – a core strength of Provident Trust Company. If you already have a trust, our team of experts can help you review your trust document to be sure that it accurately reflects your wishes. If you are contemplating creating a trust, we can help you navigate the complexities of trust and estate planning by working with your legal and tax advisors to develop an integrated, long-term strategy to preserve your family’s wealth for generations to come.

Perhaps the single most important factor in the ultimate success of a trust-based estate plan is the selection of a Trustee.  When it comes to planning for your family’s financial security, Provident Trust Company can serve as trustee, co-trustee and successor trustee for a full range of personal, testamentary, charitable, special needs, and irrevocable life insurance trusts. In addition, we can serve as trustee for private foundations and deferred compensation plans. In each role, we dedicate ourselves to protecting your assets and insuring that your intentions are carried out. When you choose Provident Trust Company to serve as your trustee, co-trustee, or successor trustee you can rest assured that a dedicated relationship management team will recommend courses of action and make prompt decisions on behalf of you and your beneficiaries.

In addition to carrying out the intentions of the creator of the trust, we seek to balance the needs of the income beneficiaries with the future interests of the remaindermen (those who will ultimately receive the principal of the trust). When we are authorized to use trust assets for the benefit of a beneficiary, we exercise our discretion carefully and thoughtfully. Care and thought are also given to the investments of the trust. After discussions with the creator of the trust, co-trustees and, when appropriate, the beneficiaries, we rank the investment objectives of each trust on an individualized basis and implement an asset allocation consistent with each objective.

At Provident Trust Company we are committed to providing our customers with the best in personal trust services. Meeting your needs is our highest priority. Rest assured, your relationship manager will always be available to provide you with information and assistance on any number of different trust matters. Whether your financial needs are simple or complex, our professionals have the resources and experience to manage your trust accounts successfully.

Why choose Provident Trust Company as your corporate trustee:

• Continuity of service. Our trust professionals average over 13 years of service with Provident Trust Company.
• We provide full-time attention. An individual trustee might have other responsibilities that could interfere with the performance of their duties. We treat trust and estate administration as our only job – it’s all that we do.
• Personal service. Due to our size, we are able to provide responsive and individualized service to our customers. Each customer has a dedicated relationship manager that is local and available on the customer’s schedule
• We have the facilities, systems, resources, and trained professionals to ensure the exceptional administration of your trust.
• We are impartial. An individual trustee may find it extremely difficult to act impartially in making decisions, especially if they are also a beneficiary. Provident Trust Company has no conflict of interest and can act in the best interest of all beneficiaries.
• We are truly independent. We won’t try to sell you any products, we have no common trust funds, and we receive no commissions or referral fees. We are a fee-only trust company that is accountable only to our customers.
• We are held to a fiduciary duty. Trust funds in our care are protected by our adherence to the highest of fiduciary standards, and are subject to internal and external audits as well as regulatory oversight by the Nebraska Department of Banking and Finance.
• We are permanent. While an individual trustee may die or become incapacitated, you can rest assured that Provident Trust Company will always be available to fulfill its fiduciary duties.