Trust Services

Creating, Growing and Preserving Wealth

We understand your needs are unique based on your personal situation. That’s why BOS Trust Services provides flexible options tailored to meet your individual needs. Whether personal, business, or investment related, we are here to guide, grow and perpetuate your family's assets with trust, exceptional local attention, and profound local commitment.

BOS Trust Services

Trust Solutions to help fulfill your legacy.

Trust Under Agreement

A Trust Under Agreement is used as a means to keep a property owner’s affairs in proper order even in the event of incapacity, prolonged illness or death of the owner. If the owner desires to no longer direct the trust, BOS Trust Services can serve as trustee or successor trustee.

Trust Under Will

A Trust Under Will is created when a grantor’s will stipulates that any portion of an estate is awarded to a trustee, to be managed for the beneficiary. BOS Trust Services can act as trustee for a Trust Under Will. This kind of trust does not become operative until after the death of the grantor.

Trust and Estate Settlement

Professional death settlement services are needed when serving as a descendant's executor/personal representative or trustee. The death settlement process is complex and requires a wide range of duties depending on the situation. As executor or trustee, BOS Trust Services will perform the following duties:

Irrevocable Life Insurance (ILTs)

A life insurance trust owns insurance policies for you. Since you do not own the insurance policy(ies) when you pass away, generally the proceeds should not be included in your taxable estate. As trustee of your life insurance trust, BOS Trust Services is responsible for ensuring the premiums are paid on the policy(ies), notifying the beneficiary(ies) when deposits (gifts) are placed into the trust, and disbursing the proceeds as directed in the trust agreement.

Investment Management Agency

Few of us consider ourselves to be professional investors. You may not have the time, facilities or specialized expertise to optimize returns on your investment portfolio. Under an investment Management Agency Agreement, BOS Trust Services can manage administrative details. This includes tracking the following:

We also collect income and deposits,  handle disbursements as you direct, provide periodic statements showing the status of your account and supply you with all of the information you need for your income tax filings.

BOS Trust Services under an Investment Management Agency, will tailor investment portfolios to fit specific needs and objectives for individuals, businesses and organizations.

Custodial Services

Custodians generally have no investment management or advisory duties. BOS, serving as custodian, will implement your directives and act on your behalf for investment purposes. As directed, a custodian:

• Holds assets
• Facilitates trades
• Collects income and principal
• Pays bills

BOS, as custodian, also provides periodic statements and tax information to the account owner. BOS offers custodial services to individuals, businesses or organizations.

Guardianship

When a minor or disabled adult becomes entitled to a share of an estate, a "guardian" of the "ward" is appointed by the court. If BOS is named guardian of the estate, BOS will hold and and manage the property, make regular accountings to the court, distribute funds for the benefit of the ward and make the final settlement when necessary.