Charitable Trust Services
If you are currently making regular gifts to favorite charities, you may wish to continue to further the work of these organizations by including a charitable trust in your estate plan. First Business can act as the corporate trustee on a wide variety of charitable trusts including:
• Charitable Remainder Trusts (CRATs/CRUTs)
• Charitable Lead Trusts (CLATs/CLUTs)
• Private Foundations
As trustee, First Business provides regular trust accounting to all interested parties, prepares the fiduciary tax returns, invests and re-balances the underlying investment portfolio, makes discretionary distributions, and provides income tax charitable deduction calculations as needed.
We would be pleased to work with your accountant and attorney to determine how First Business can best be of assistance in designing and administering a customized plan that maximizes the financial benefit to you, your family, and the charities you care most deeply about.
View attachment below for more information on Charitable Trusts
• Charitable Trusts