Bank trust department

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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Antonini also recommends that you skip having a corporate entity, such as a bank trust department, take on the role.
Conversely, a small bank trust department handling mostly small portfolios may lack the resources necessary to direct a larger or more complex trust.
Koch has also worked as a Managing Director for a large institutional money manager, bank trust department and as a financial analyst for a mutual fund complex.
Certain evidentiary issues arise when a third-party custodian, such as a bank trust department, provides services related to an entity's investments, including maintaining custody of or investing assets.
His experience includes management of the tax and estate administration sections of a major bank trust department, and he was the tax manager at a certified public accounting firm.
Hyman has managed the tax and estate administration sections of a major bank trust department and was the tax manager at a certified public accounting firm.
Devonshire REIT is available for investment only through select community bank trust departments and Registered Investment Advisors.
Under the expanded RE reporting system for banks, REE covers loans to developers of socialized and low-cost housing, loans to individuals, loans supported by non-risk collaterals or Home Guarantee Corporation guarantee, as well as investments in securities to finance RE activities and exposures by bank trust departments.
investment advisors, brokers, bank trust departments, mutual funds, hedge funds).
Most donors choose bank trust departments or large charitable organizations that have the ability to serve as trustee.
Law firms and bank trust departments will have their own preferred formats, and some accountants have developed their own reporting formats using spreadsheet programs.
Services extend beyond those traditionally associated with bank trust departments.