Trusts

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Meet the Team

“Many clients select us as trustee because they know they can rely on us to step in – usually during a difficult time in a family’s life – to ensure that their final wishes are carried out.” – Ann Sharpe, Esquire – Trustee, Executor, Fiduciary Wealth Management Solutions Team

What are your long-term plans for your wealth?

Are you planning to fund your children’s education? Set aside funds for your grandchildren until they are older and can manage their own assets? Do you need to make provisions for a family member who is unable to manage for themselves? Is your goal is to maximize the inheritance your heirs receive, while minimizing estate taxes? Or perhaps you want to see that your philanthropic wishes are carried out?

Establishing a trust may be the solution to many of your long-range goals and can be a vital component of a well-crafted estate plan. The BSNB Wealth Management Solutions team has the experience, expertise and insight to help you administer and execute your estate plan – including the strategic use of trusts – tailored to your particular needs.

Trust Benefits

Put simply, a trust is a legal arrangement where control over assets or property is transferred to a person or organization (the trustee) who oversees the trust for the benefit of someone else (the beneficiary). Depending on the type of trust, you can plan for how your assets are directed during your lifetime and after your death. A trust can be a strategic tool that can help you:

  • Manage your assets during your lifetime if you become incapable
  • Establish who will inherit your assets and when
  • Provide asset management for your family after your death or incapacity
  • Protect beneficiaries living with a physical or mental disability
  • Fulfill charitable bequests
  • Protect your assets from taxes and creditors
  • Avoid probate and protect your family’s privacy

    • Selecting Your Trustee

    When considering a trust, a key decision is naming your trustee – the individual or institution who will invest and manage the property you place in the trust, according to the terms you specify. When deciding who to choose as your trustee, turn to BSNB’s local professional trust administration services. As trustee, BSNB can provide many services, including:

  • Providing investment management according to the terms of the trust
  • Helping support an elderly or disabled relative through services like bill paying
  • Assisting family members with administrative and technical duties
  • Keeping detailed records and providing a statement of account for trust assets
  • Ensuring preparation and filing of tax and legal reporting
    • Our local Wealth Management team has decades of experience and expertise in asset management, accounting principles, federal and state tax laws, and probate procedures. And because we serve in a fiduciary capacity, we are legally obligated to act in your best interest.


    Turn to BSNB

    Within each phase of your life, our focus is to help you pursue your short- and long-term financial goals while being mindful of the opportunities and challenges that may arise. You will work with a talented team of professionals with decades of experience who are dedicated to providing an exceptional level of service and professionalism. And because we serve in a fiduciary capacity, we are legally obligated to act in your best interest. When you need more than a bank, the BSNB Wealth Management team is a trusted partner. Whether you’re looking for guidance on long-term investing, planning for retirement, or securing your legacy, turn to BSNB.


    No Bank Guarantee Not FDIC Insured Not a Deposit
    Not Insured By Any Federal Government Agency May Lose Value including Loss of Principal