Trust Services for Individuals
Our trust company serves as a trustee or personal representative if we are named in estate planning or trust documents. We 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.
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 are made accurately and on time.
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 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 is 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 are 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.
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.
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, fitting 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 works 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.
Trust assets may include non‐investment assets, such as real estate. Such assets are managed by outside professionals when necessary.
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.
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 also refer clients to attorneys for assistance in implementing new or revised plans if they do not presently have an attorney.
Additional SVA Plumb Financial Services