Trust Services

Champion the people and causes that matter most to you

Expert planning for today's needs and tomorrow's dreams

Trust and estate planning is anything but a one-size-fits-all undertaking. Our clients' financial situations are unique and complex, and they need sophisticated strategies.

Your BB&T Wealth advisor helps you think through the important questions. Together, you'll create a blueprint that provides for your family, protects your assets and defines your legacy for generations to come.

As a BB&T Wealth client, you'll also have access to a wide array of trust account options.

Revocable trusts

During your life you may add, withdraw, buy or sell any asset as you would today. The tax status of a revocable trust remains the same as if you owned the assets in your name, which:

  • Allows for the ability of a successor trustee to maintain your financial well-being upon incapacity
  • Assists in relieving the burden and liability on family members
  • Provides an immediate transfer upon your death to maintain continuity for your spouse or heirs
  • Avoids probate fees and maintains privacy

Special needs trusts

Provide for your loved one's well-being without jeopardizing their eligibility for government benefits. Uses include:

  • Caregiving – a personal attendant or therapies not covered by Medicaid
  • Experiences – travel or special events
  • Services – mobile phone, internet, house cleaning
  • Durable goods – furniture, clothing, computer

Incentive trusts

Encourage your heirs to live a responsible life. Incentive trusts specify certain conditions for inheritance, such as:

  • Reaching a certain age
  • Graduating from college, marrying, serving the community, carrying on the family business or other life events
  • Avoiding illegal drugs, alcohol abuse, gambling, or other destructive behaviors

Irrevocable life insurance trusts

If an ILIT owns a life insurance policy, and the proceeds of the policy are payable to the trustee, then it can:

  • Avoid insurance cash value or death benefit from becoming a part of your estate
  • Be used to provide liquidity for estate taxes and other debts by purchasing assets from the grantor's estate
  • Protect assets from creditors of a beneficiary
  • Leverage the grantor's generation-skipping tax exemption

Qualified personal residence trusts

If you have a large estate and expect to face future transfer taxes, this trust:

  • Is a lifetime transfer of a personal residence (primary, vacation or second home) to the trust
  • Provides continued rent-free use of the residence for the term of the trust
  • Reduces the gift or estate tax cost of transferring a residence

Intentionally defective grantor trusts

Lower your taxable estate while providing extra wealth for your beneficiaries. This trust:

  • Usually is funded through an irrevocable gift or the installment sale of an asset
  • Removes assets completely from the grantor's estate
  • Freezes assets for estate tax—not income tax—purposes
  • Provides beneficiaries with appreciating assets without incurring extra transfer taxes

Grantor retained annuity trusts

Keep control and a right to distributions for a period of years. This trust:

  • Involves a transfer of cash or property into a trust in exchange for an annuity. The annuity is payable to the grantor for a fixed term.
  • Works best in a low interest rate environment
  • Offers cash flow advantages and predictable tax results

Charitable remainder trusts

For donors with appreciating assets who want to keep an attractive income stream. This trust:

  • Provides an immediate charitable income tax deduction
  • Allows for the sale of transferred property with no immediate tax consequences
  • Includes a life insurance option to avert a "lost inheritance" occurrence

Charitable lead trusts

Best in low interest rate environments where the goal is to pass remainder interest to family members. This trust:

  • Provides for annual distributions to one or more charities for a set number of years
  • Allows the donor to control the ultimate disposition of the trust
  • Is a tax-efficient means of making a future transfer to heirs

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Integrated services

Your BB&T Wealth advisor will help you create a comprehensive, strategic plan to integrate and coordinate your banking, credit, investments, risk management, and trust and estate planning services.

Charitable Gifting & Philanthropic Services

There are many ways you can spend your money, and charitable giving can be one of the most rewarding.

Estate Planning and Settlement Services

Effective planning protects your family and your assets, and helps your estate move smoothly through the settlement process.

Traditional banking services are provided by Truist Bank, Member FDIC.

Investment and Insurance Products:

• Are not FDIC or any other Government Agency Insured • Are Not Bank Guaranteed • May Lose Value

Truist, BB&T®, BB&T Securities®, BB&T Sterling Advisors, Sterling Capital®, BB&T Investments, BB&T Scott & Stringfellow®, SunTrust®, SunTrust PortfolioView, SunTrust Robinson Humphrey®, SunTrust Premier Program®, AMC Pinnacle®, AMC Premier®, Access 3®, Signature Advantage Brokerage, Custom Choice Loan®, SunTrust SummitView® and GFO Advisory Services® are service marks of Truist Financial Corporation. All rights reserved. All other trademarks are the property of their respective owners.

Services provided by the following affiliates of Truist Financial Corporation: Banking products and services, including loans and deposit accounts, are provided by SunTrust Bank and Branch Banking and Trust Company, both now Truist Bank, Member FDIC. Trust and investment management services are provided by SunTrust Bank and Branch Banking and Trust Company, both now Truist Bank, and SunTrust Delaware Trust Company. Securities, brokerage accounts and /or insurance (including annuities) are offered by SunTrust Investment Services, Inc. and BB&T Securities, LLC, and P.J. Robb Variable Corp., which are SEC registered broker-dealers, members FINRA, SIPC, and a licensed insurance agency where applicable.  Investment advisory services are offered by SunTrust Advisory Services, Inc., GFO Advisory Services, LLC, BB&T Securities, LLC, Sterling Capital Management, LLC, Precept Advisory Group, LLC, and BB&T Institutional Investment Advisors, Inc., each SEC registered investment advisers.  BB&T Sterling Advisors, BB&T Investments and BB&T Scott & Stringfellow are divisions of BB&T Securities, LLC.   Mutual fund products are advised by Sterling Capital Management, LLC. Mortgage products and services are offered through SunTrust Mortgage, a tradename for SunTrust Bank now Truist Bank.

The information contained herein is for informational purposes only and does not represent an official statement of your SunTrust Investment Services, Inc. account. Please refer to your monthly or quarterly statements for a complete record of your transactions, holdings, and balances.

"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of Truist Financial Corporation: SunTrust Bank now Truist Bank, our commercial bank, which provides banking, trust and asset management services; SunTrust Investment Services, Inc., a registered broker-dealer, which is a member of FINRA and SIPC, and a licensed insurance agency, and which provides securities, annuities and life insurance products; SunTrust Advisory Services, Inc., a SEC registered investment adviser which provides Investment Advisory services.

SunTrust Private Wealth Management, International Wealth Management, GenSpring, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups are marketing names used by SunTrust Bank now Truist Bank, SunTrust Investment Services, Inc., and SunTrust Advisory Services, Inc.

SunTrust Robinson Humphrey is the trade name for the corporate and investment banking services of Truist Financial Corporation and its subsidiaries, including SunTrust Robinson Humphrey, Inc., member FINRA and SIPC.

The information provided should not be considered as tax or legal advice. Please consult with your tax advisor and/or attorney regarding your individual circumstances.

New York City residents: Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at www.nyc.gov/dca.

Branch Banking and Trust Company is now Truist Bank. Learn more.

BB&T and SunTrust have merged to become Truist. Both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees and pricing. Our friendly teammates at your local SunTrust branches will be happy to walk you through their respective products. You can also learn more by contacting them at 800-SUNTRUST or SunTrust.com.

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