Wells Fargo has been harnessing the power of the Legacy Trust for wealthy families and individuals since 1983.

Why choose Wells Fargo for Legacy Trust?

Wells Fargo is one of the oldest and largest trust companies in the United States, with more than 600 experienced trust professionals, many of whom have specific experience in the complexities of a Legacy Trust.

Legacy or “dynasty” trusts provide specific estate planning and financial solutions to individuals and families. A Legacy Trust remains in existence for multiple generations or in perpetuity, depending on the state in which it is created. A legacy trust can help you avoid state taxes and federal gift, estate and generation-skipping transfer taxes on property passing to future generations.

Depending on your needs and circumstances, you may work with some or all of the following members of the Wells Fargo Legacy Trust Team:

  • A Trust and Fiduciary Specialist, who oversees Legacy Trust administration, distributions, and other trust transactions.
  • A Specialty Assets Manager, who has responsibility for managing non-financial assets like a closely held business, real estate, or oil, gas, and mineral rights.
  • An Investment Manager, who manages financial assets like stocks, bonds and mutual funds. Services include asset allocation, security selection, and regular reports and reviews.
  • An Investment Analyst -- at your request, we can also help with the evaluation and selection of third party asset management specialists to achieve specific portfolio needs.

A comprehensive range of Legacy Trust services

The experienced professionals at Wells Fargo Private Bank can help you at every stage of the Legacy Trust life cycle:

Assessment and reviewShow Details

 
We analyze your current situation, evaluate financial and non-financial resources, and quantify long-term goals for the Legacy Trust.

Preparation and transferShow Details

 
At your discretion, we work closely with your other professional advisors, including the attorney you designate to prepare the Legacy Trust documents. Then we review the documents and transfer assets to the Legacy Trust in the state of your choice.

ImplementationShow Details

 
We establish the tax status of your trust, determine your investment objectives and begin the administration of your trust.

Ongoing services Show Details

 
  • Detailed record keeping
  • Comprehensive administration and reporting
  • Collection of interest and dividends
  • Calculation of gains, losses, income and deductions
  • Tax preparation and audit support
  • Periodic account review


Ask us about a Delaware Trust

A Delaware Trust is a desirable option for those interested in developing a Legacy Trust.

The Delaware Trust is designed to take advantage of Delaware’s attractive income tax laws, which do not impose state income tax on income accumulated by and capital gains earned by an irrevocable trust with all non-resident beneficiaries. Depending on the residence of the beneficiaries and other factors, the accumulated income and capital gains also may escape taxation in other states.

Moreover, Delaware offers a high degree of confidentiality and low administrative costs. For these reasons, the Delaware Trust has become one of the most attractive choices for those seeking to preserve and transfer wealth to their heirs and favorite charitable organizations.
Contact us to learn more about a Delaware Trust and other Legacy Trust options now available at Wells Fargo Private Bank.

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Wells Fargo Private Bank provides products and services through Wells Fargo Bank, N.A. and its various affiliates and subsidiaries.

Brokerage products and services are offered through Wells Fargo Advisors, LLC, Member SIPC, a registered broker-dealer and separate non-bank affiliate of Wells Fargo & Company.

Wells Fargo & Company and its affiliates do not provide legal advice. Please consult your legal advisors to determine how this information may apply to your own situation.

Whether any planned tax result is realized by you depends on the specific facts of your situation at the time your taxes are prepared.


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