Planning for future generations? Our specialists can work with you to develop a strategy to best meet your wealth management needs.
As you move forward with wealth management planning, it’s important to have a strategy to responsibly sustain and manage your assets — so you can transfer your wealth in a way that supports the people and institutions you care about.
Wells Fargo Private Bank offers the extensive knowledge and experience necessary to handle every aspect of your trust account.
Trust accounts can help you:
- Meet a broad range of needs, such as caring for a family member or gifting assets to a favorite charity over time
- Control how you pass your wealth to future generations
- Avoid the probate process, allowing faster distribution of assets to beneficiaries
As your trustee, Wells Fargo can assist you with growing and managing the components of your trust with a wide range of professional asset management services. We can help you manage financial and nonfinancial assets such as shares in a closely held business; real estate; and oil, gas, and mineral interests.
Establishing and maintaining your trust account
To help you meet your financial planning goals, we employ a well-defined process for designing your trust account and managing it over time:
- We meet with you to gain a thorough understanding of your current situation, your family dynamics, and your wishes.
- We review your existing estate and financial plans and documents, analyze current allocations, and recommend any needed changes.
- We collaborate with your advisors, such as your family attorney or accountant, to review your will and trust periodically, confirming that the documents continue to meet your needs.
A dedicated relationship manager serves as your primary point of contact. Your relationship manager coordinates a team of investment and administrative professionals with fiduciary experience who are responsible for the day-to-day administration of your trust.
In addition, an investment strategist will implement a disciplined investment process to help achieve the financial objectives of your trust.