Revocable living trusts are a popular way to streamline personal finances and gain the benefits of professional management. These trusts allow Univest as your trustee to consolidate and manage your investments, 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 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 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. We are able to serve as trustee on both third party and self-settled special needs trusts.
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 appropriately made.
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.
People who have 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 we, the trustee, perform the administrative duties.
As your executor, we will work with your attorney to settle your estate promptly, impartially, and efficiently.