Trust Services for Individuals
Fiduciary Duties
Our trust company serves as a trustee or personal representative if we are named
in estate planning or trust documents. We will also serve as trustee for IRAs. Our
trust officers are trained to comply with fiduciary management laws to protect and
safe-keep the assets with which we are entrusted.
Most trust assets are managed by
SVA Plumb Financial, but we also provide fiduciary services for assets managed
by other advisers. In either case, we recognize our duty to carry out the terms
of trust documents as written. We do our best to know and understand the needs and
goals of the individuals involved.
Trust Administration
These services are available to clients who use our fiduciary or custody services.
They are also available to investment management clients of SVA Plumb Financial.
Estimated Tax Payments ‐ Our trust company often assumes
the responsibility for making estimated tax payments; many of our clients enjoy
the peace of mind that comes with knowing these payments will be made accurately
and on time.
IRA Distributions
Required Minimum Distributions (RMDs)
Beginning at age 70½, individuals are required to begin taking distributions from
their qualified retirement plans and IRAs. We work to make this an effortless process
for you by calculating the required distribution amount each year. We will work
with your accountant to withhold an appropriate amount for taxes and send the net
proceeds directly to your bank account or a check to your home. This will all be
done according to your wishes.
Other IRA Distributions
Some clients wish to take distributions from their IRAs in excess of the required
distributions or before distributions are required. Your trust officer can assist
with the calculations of allowable amounts and tax liabilities associated with these
distributions.
Bill Payment - Some of our clients are unable to pay their
own bills while others choose to have us pay some or all of their bills for them.
When we take on this responsibility, you can relax knowing your bills will be paid
correctly and on time.
Medical Claims Processing ‐ As medical and insurance issues
become more complicated, some clients choose to have SVA Plumb Trust Company handle
the claims processing for them. Our experience enables us to assume this responsibility
for those clients and to process claims efficiently.
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Personal Representative / Estate Administration / Guardianship
Our trust company is qualified to act as a Personal Representative for estates.
That role involves the gathering and inventory of assets, resolution of tax issues
and settlement of the estate, including the filing of court documents and final
tax returns. The depth of the SVA Plumb Financial team enables us to offer a full
range of expertise in the estate management and settlement process.
Occasionally an individual may require a court-appointed guardian to manage a person’s
assets when that person is unable to do so. SVA Plumb can provide this service,
bringing peace of mind to family members.
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Investment Management
SVA Plumb Trust Company provides investment portfolios through SVA Plumb Financial,
made up of SVA Plumb Wealth Management, LLC. and Wisconsin Capital Management. These
experienced investment management professionals work with you to define your
investment objectives and to design a portfolio, which fits those objectives.
Our clients generally delegate investment responsibility to the manager who then
provides day‐to‐day management of the portfolio assets.
Your dedicated trust officer will work with your portfolio
manager or investment consultant to coordinate your investments with your other
financial needs such as cash planning and taxation issues. Your portfolio manager
will be an integral and consistent part of your trust team.
Investment vehicles include individual equity and fixed income securities, mutual
funds, ETFs, and cash equivalents. Mutual funds may include the
proprietary mutual funds managed by
Wisconsin Capital Management as well as mutual funds managed by other
managers screened carefully by our investment team. To learn more about SVA Plumb
Financial’s investment management,
click here.
Miscellaneous Assets
Trust assets may include non‐investment assets, such as real estate. Such assets
will be managed by outside professionals when necessary.
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Custody
SVA Plumb Trust Company provides custody services, which means we provide the legal
safekeeping and recordkeeping for your assets. We track inflows and outflows as
well as changes in your assets. We also provide comprehensive year‐end tax information.
Trading and recordkeeping become more efficient when these services occur under
the same roof as the management of the investments. Consequently, clients, whose
assets are managed by SVA Plumb Financial, benefit from the company synergy when
they also choose custody with SVA Plumb Trust Company.
Our trust professionals also provide custody and trust
administrative services for clients of investment managers other than SVA Plumb
Financial.
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Document Review
We are happy to review existing estate plans with our clients, to discuss various
estate planning options, and to make suggestions regarding possible estate planning solutions.
We will also refer clients to attorneys for assistance in implementing new or revised plans if they do not presently have
an attorney.
To learn more about the services SVA Plumb Trust Company can provide for you, contact us at (888) 856-8801.
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