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Bank Trust Department

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Bank trust department
Bank department that deals with estates, administers trusts, and provides services such as estate planning advice to its clients.

Bank Trust Department
A division of a bank that administers trusts, guardianships, and estates. It also may serve as a trustee for certain corporate bonds and pensions. Importantly, a bank trust department may manage the assets of customers who request it to do so. This is most often utilized by elderly persons with no next of kin, who allow the bank to handle their finances in case of illness and/or incapacity. Bank trust departments tend to be conservative and risk-averse in their investment decisions, making them attractive money managers to certain investors.


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Securities and Exchange Commission and a bank trust department is subject to regulation and oversight by one of the banking agencies at a state or federal level.
Most donors choose bank trust departments or large charitable organizations that have the ability to serve as trustee.
Services extend beyond those traditionally associated with bank trust departments.
 
 
 
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