Trust & Estate Planning

Your personal financial objectives may require additional services beyond a targeted investment strategy. In certain cases, trust arrangements can be made to help with such goals as:

  • Support for an elderly relative
  • Charitable gifting
  • Management of assets for incapacitated individuals
  • Creation of future security for disabled loved ones
  • Long-term asset management provisions for your family after your death
  • Asset transfers under terms you specify

1865’s Trust department offers a wide range of trust services that include managing trust assets, making distributions to beneficiaries, maintaining records, and carrying out your directives.

We realize how much you care for the future interests of people in your life, and how you may wish to share your good fortune in a systematic, provisional or specific manner. Administration of your trust by a third party can ensure the terms of your plans are carried out exactly as you established them.

  • Crummey Trust – A trust that allows beneficiaries a limited period of time to withdraw funds transferred into the trust.  If funds are not withdrawn during this period, funds will remain in trust for future use.
  • Family Trust (Credit Shelter or Bypass “B” Trust) – A trust funded with the maximum allowable applicable credit amount for the benefit of the surviving spouse or other beneficiaries, free of estate tax.
  • Grantor Retained Annuity Trust (GRAT) – A trust whereby the grantor creates an Irrevocable trust and retains the right to receive, for a specified term, an annuity based on a specified sum or fixed percentage of the value of the assets transferred to the trust.
  • Irrevocable Life Insurance Trust (ILIT) – A trust that owns a life insurance policy and provides payment of insurance premiums and collects the death benefit payment upon the death of the insured.  Assets (including the death benefit) are excluded from the decedent’s taxable estate.
  • Living Trust – A trust that allows you to keep a high degree of control and privacy over your assets, while ensuring a smooth transition if you should ever need a successor to oversee your affairs.
  • Marital Trust (spousal, or “A” Trust) – A trust created to allow one spouse to transfer unlimited amount of property for the benefit of his/her spouse without incurring gift or estate tax at the first death.
  • Qualified Personal Residence Trust (QPRT) – A trust that involves the transfer of a personal resident to the beneficiaries with the grantor retaining an interest or the ability to live in the residence for fixed term of years.
  • Qualified Terminable Interest Trust (QTIP) – A trust that is established to provide income for life to a person’s spouse, free of estate tax at the first death, while retaining control of the eventual disposition of the trust assets.  When the spouse dies, the assets in the trust pass to the beneficiaries designated by the creator of the trust.
  • Special Needs Trust – A trust that provides for special services or treatment to trust beneficiaries without interfering with eligibility for government benefits.
  • Spendthrift Trust – A trust that provides a level of protection of the trust assets from certain creditors or trust beneficiaries.
  • Testamentary Trust – A trust created as part of your will to assure the long-term fulfillment of your wishes.
  • Trust for Minors – A trust that qualifies for the annual gift tax exclusion that prevents a child from current access to the funds.  The trust accumulates for the benefit of the child, who will have access to the trust assets at age 21.


Guardianships are another difficult task to take on, but when necessary, we will listen to our clients concerns and advocate for their loved ones’ needs with professionalism and expertise.

Court ordered guardianships protect the estates of those who are unable to handle their own financial responsibilities, typically children or disabled adults. A financial guardian is responsible for managing all assets in a prudent manner.

In the role of guardian, you can rely on our professionals to:

  • Pay all bills and ongoing expenses
  • Determine overall cash flow requirements and living expenses
  • Establish a monthly budget
  • Coordinate medical insurance filings and expenditures for medical equipment
  • Prepare and plan state and federal income tax returns
  • Invest and manage all assets, including real estate

Estate Settlement Services

Our 1865 Wealth Advisors team will work with your legal advisor to administer and settle your estate without unnecessary delay. Estate settlement services include handling probate, tax, and other administrative work on your estate’s behalf. During the settlement period, the estate’s investments are overseen and your estate is faithfully distributed as you have directed in your will.

As a professional fiduciary, we have the experience, knowledge and capabilities to oversee your estate and manage your assets. Our 1865 Wealth Advisors team has been settling estates for generations. A professional executor also offers the added benefit of an unbiased perspective if any disputes arise.

We can help with wealth transfer including:

  • Asset identification, collection, valuation and management
  • Estate administration as Executor, Administrator or Agent for Executor
  • Tax and legal strategy development to minimize all types of taxes, including inheritance, estate, generation skipping and income tax preparation or review
  • Preparation of all required inventories and accountings
  • Distribution of assets in accordance with an estate plan