Revocable living trusts are a popular way to streamline personal
finances and gain the benefits of professional
management. These trusts allow your personal trustee to
consolidate your investments into one comprehensive account,
maintain your financial records of your investments and expenses,
handle bill payment, tax preparation, and resolve issues with
medical insurance and Medicare.
Testamentary trusts are usually included in your will and take
effect upon your death. These trusts are used by parents of adult
children who need asset protection and by parents of minor children
to delay or control the flow of inheritance. Married couples often
use testamentary trusts for tax planning and to provide
professional financial management for a surviving spouse.
Special Needs Trusts
Special needs trusts provide financial management for disabled
individuals without affecting their ability to qualify for
government benefits such as SSI and Medicaid. Funding of these
trusts can come from an immediate transfer of assets, transfer by
will from an estate, life insurance proceeds, or the disabled
person's own assets.
Courts appoint guardians to manage the assets of incapacitated
individuals. Univest Trust Officers have the special training and
experience to administer these complex arrangements. As guardians,
we invest the assets properly, file inventories and reports with
the court in a timely manner, and make sure that expenditures are
Charitable trusts are a time-honored way to minimize taxes,
preserve your legacy and provide you with income while making a
positive contribution to society. Univest has experience in the
administration of donor-directed accounts, endowments, charitable
remainder trusts and charitable lead trusts. If you have charitable
interests, allow us to discuss with you the various options and
tailor a plan that is right for you.
People with a long-standing relationship with an investment
manager frequently deny themselves the benefits of trust services.
A directed trusteeship allows your financial advisor to continue to
invest your trust assets while the trustee performs administrative
duties such as bill paying, recordkeeping, reporting, tax
preparation and distributions.
Investment products offered by Univest Bank and Trust Co.'s
Wealth Management and Trust Division and Univest Investments, Inc.,
member FINRA and SIPC, a
licensed broker dealer and investment advisory subsidiary of
Univest Corporation of Pennsylvania, are not insured by the FDIC or
any federal government agency, are not a deposit or other
obligation of or guaranteed by the depository institution, and are
subject to risks, including possible loss of principal amount