Testamentary Services

Testamentary Trustee Services

When a will calls for the long-term management of funds in trust, it is called a Testamentary Trust.

The Testamentary Trust is created with the needs of your immediate family (especially a spouse) in mind. It features flexible provisions for full-time support and protection, and offers significant tax savings.

The JBT Financial Services team can help you avoid repeated taxation of the same property as it passes from one heir to another through the use of trusts. It may also be possible to reduce income taxes by shifting income to heirs in lower brackets.

The objective of the Testamentary Trustee is to keep trust principal safely and productively invested, and to pay income to named beneficiaries. Unforeseen needs are met through a provision that allows us to pay trust principal in the event income alone is insufficient.