Ameriprise® Personal Trust Services
Creating a trust is a collaborative effort involving you, an Ameriprise financial advisor, and tax and estate lawyers. Ameriprise® Personal Trust Services provides professional fiduciary services to help ensure the legacy you desire is carried out according to your wishes.
How we can help
Trusts are often the outcome of a well-thought out estate plan. When you choose to work with an Ameriprise financial advisor and Ameriprise Personal Trust Services, you will have access to a team of professionals that can help you:
- Control how your assets are distributed
- Potentially reduce taxes and transfer costs
- Protect your assets according to your intentions
- Create a lasting financial legacy
Ameriprise trust solutions
Revocable living trusts
Revocable living trusts provide the most flexible options:
- Alter, amend, or revoke the trust terms whenever you choose
- Provide privacy and help simplify your estate settlement – particularly if you own property in more than one state
- Helpful if you are injured or incapacitated and can't manage your own financial affairs
Irrevocable trusts
Irrevocable trusts cannot be changed once established, but offer these benefits:
- Provide estate tax savings or liability protection for family members
- Reduce the size of your estate by gifting assets to your family via the trust
- Fundable during your life as well as after your death
Testamentary trusts
Created as part of your will, testamentary trusts only take effect after your passing.
- May help reduce estate taxes
- Enable you to exercise control over how your assets will be used after your death
Charitable trusts
Charitable trusts are irrevocable testamentary trusts designed to ultimately benefit a chosen charity.
- Defer capital gains taxes on appreciated assets
- Reduce your estate tax liability and provide an income stream for you or another individual
Specialty trusts
Specialty trusts are used in unique circumstances:
- To provide for heirs with physical or developmental disabilities
- To protect the interests of unmarried life partners
- Also, if you use a professional trustee, a specialty trust can help ensure the tax deferral of your IRA assets for your heirs after your death
Ameriprise® Personal Trust Services is a division of Ameriprise Bank, FSB. Ameriprise Bank provides certain deposit, lending and Personal Trust Services. Neither Ameriprise Personal Trust Services nor Ameriprise financial advisors are authorized to give legal or tax advice that goes beyond the scope of its fiduciary responsibilities associated with serving as investment agent or trustee. For legal or tax matters that go beyond these roles, clients will need to consult their own legal and/or tax advisors.
Financial advisory services and investments available through Ameriprise Financial Services, Inc., Member FINRA and SIPC. Ameriprise Bank is separate from Ameriprise Financial Services, Inc. and is not a broker-dealer. Ameriprise Financial Services and Ameriprise Bank are subsidiaries of Ameriprise Financial, Inc.
Related information
Leaving a legacy
Protect the ones you love after you're gone.
Get
the facts on legacy planning
Estate planning checklist
- Communicate your wishes
- Protect your family
- Manage your taxes
- Protect your business
