Skip Navigation

Individuals

So many considerations go into making wise wealth management decisions. AMG National Trust Bank’s advisors help you evaluate all your financial affairs and create a plan for long-term financial security and success that takes into account your estate plan and wealth transfer wishes. AMG’s commitment to independent and objective financial advice and long-term capital preservation helps you maximize investment opportunities while managing risk. Let us help you effectively and efficiently plan your financial future. After all, the real value in building and protecting your wealth is what it permits you and your family to accomplish.

How can we help?
Call 800-999-2190 or email us


Trust Administration

Combining experienced, tenured trust officers with powerful, independent investment expertise, AMG National Trust Bank can help you protect and preserve the legacy you spent a lifetime creating. Through effective trust administration, we help clients ensure long-term care for a loved one, protect assets, control estate taxes or provide for a favorite charity.

Our interdisciplinary approach draws upon the expertise of both trust officers and financial counselors to evaluate the benefits of different trust structures in light of your overall financial security needs, not just a singular wealth transfer objective.

Trust Administration

Types of Trusts

AMG National Trust Bank can administer many types of trusts. Our advisors can work with your estate planning attorney to help you evaluate the benefits of each type of trust and identify ones that best meet your needs. Trust types include:

Charitable Remainder Trust (CRT) An irrevocable trust that pays a predetermined percentage of trust income to a non-charitable beneficiary during that beneficiary’s lifetime. After the death of the beneficiary or beneficiaries, the charitable beneficiary receives the remaining assets of the trust.

Charitable Lead Trust (CLT) A trust that pays its income to a charity for a specific period of time, after which the trust’s remaining assets are given to its grantor’s family or another non-charitable beneficiary.

Dynasty Trust An irrevocable trust designed to hold assets in trust without direct ownership being transferred to any beneficiary. Instead, successive generations may receive distributions from trust assets or assets that remain held in trust, allowing for future benefit and growth. For transfer tax purposes, the trust's assets are valued at the amount they were worth when the trust was created as long as they stay in the trust. Any appreciation generally is exempt from estate taxes. The trust may last for as long as state law allows. Dynasty trusts are also called long-term trusts.

Family or Credit-Shelter Trust  Designed for married couples, this trust maximizes the use of each spouse's estate-tax exemption. The trust is funded upon the death of the first spouse to provide for the surviving spouse, or other beneficiaries. At the death of the surviving spouse, remaining assets pass to named beneficiaries, usually children.

Generation-Skipping Trust A trust in which the contributed assets are passed down to the grantor's grandchildren, not the grantor's children. The generation to which the grantor's children belong skips the opportunity to receive the assets in order to avoid the estate taxes that would apply if the assets were transferred to them.

Grantor Retained Annuity Trust (GRAT)  This trust allows the grantor to transfer a remainder interest in trust assets to beneficiaries on a tax-favored basis. Should the assets appreciate and exceed the amount the grantor specifies, the excess is paid back to the grantor.

Irrevocable Life Insurance Trust (ILIT) A trust that owns a life-insurance policy, pays insurance premiums and collects the death-benefit payment upon the insured person’s death. Assets, including the death benefit, are excluded from the deceased’s taxable estate.

Marital Trust  This trust allows one spouse to transfer an unlimited amount of property for the benefit of the other spouse without incurring gift or estate taxes at the first spouse’s death.

Special Needs Trust (Supplemental Needs Trust & Disability Trust) Trusts established to provide resources for the special needs of a disabled person while maintaining his or her access to governmental benefits.

Qualified Personal Residence Trust  A trust that involves the transfer of a personal residence to one of more beneficiaries while the grantor retains an ownership interest or the ability to live in the home.

Qualified Terminable Interest Property Trust (QTIP) A marital trust that allows, at the death of the surviving spouse, remaining trust property to pass to beneficiaries selected by the grantor.

Revocable Trust A living trust that can be terminated (revoked) or amended (changed) by the grantor. Usually set up by a person during his or her lifetime for his or her own benefit or the benefit of someone else.

Back to top