TRUST ADMINISTRATION
Our focus on trust administration emphasizes the oversight of trust assets, efficient operations and adherence to the trust agreement. Trust administration services include:
· Record-keeping;
· Trust accounting;
· Communication with beneficiaries;
· Distribution of trust assets;
We aim to perform each of these services in accordance with the trust agreement's provisions and our fiduciary responsibilities as a nationally chartered bank exercising trust powers.
INVESTMENT MANAGEMENT
Guided by the principles of John C. Bogle, the investment industry pioneer and inventor of the index fund, our investment philosophy emphasizes long-term investing, broad diversification, and cost efficiency. We manage investment portfolios designed to meet each trust's specific goals and requirements, in line with our fiduciary duties.
SPECIALIZED TRUSTEE SERVICES
We offer specialized trustee services to meet individual needs, including the handling of unique and hard-to-value assets such as:
· Real estate
· Closely held businesses
· Mineral interests
· Loans and notes
· Life insurance
· Tangible assets such as collectibles.
Our services also encompass Special Needs Trusts, Settlement Protection Trusts, Land Trusts and Charitable Trusts.
ENGAGEMENT OPTIONS
Chain Bridge Bank, N.A. Trust & Wealth provides various engagement options for trust establishment and management, each tailored to specific needs and circumstances:
Sole Trustee
Providing services such as trust administration, investment management, and beneficiary reporting. This arrangement is ideal for those seeking a single entity to manage all aspects of the trust in a consistent and efficient manner.
Co-Trustee
Pairing with another trustee to fulfill the trust's terms. This option is suitable when there is a desire to combine the expertise of Chain Bridge Bank, N.A. Trust & Wealth with another party, such as a family member or legal advisor, to ensure diverse perspectives and shared responsibilities.
Successor Trustee
Stepping in as a trustee upon the incapacity or death of the original trustee. This role seeks to ensure continuity in trust management and is often chosen when there is a need for a seamless transition in oversight without disruption to the trust's operations.
Directed Trustee
Handling custody and administrative oversight alongside an investment advisor. This structure allows the trust to receive our fiduciary administrative services while choosing a different investment advisor. It is essential to note that Chain Bridge Trust & Wealth retains exclusive custody of the trust assets when serving in this role.
Agent for Trustee
Providing our expertise to Trustees in the fulfillment of their obligations. Few individuals are equipped to perform trust accounting or fulfill the record-keeping and compliance obligations of the Uniform Trust Act, the Uniform Fiduciary Income and Principal Act or the investing obligations imposed by the Uniform Prudent Investor Act. For this reason, it is often a good idea for an individual trustee to hire an agent to perform these responsibilities.
When Chain Bridge Bank, N.A. serves as agent, trustees can utilize our systems and expertise as needed. Our services range from trust accounting and portfolio management to additional responsibilities. These additional responsibilities include preparing fiduciary tax returns, making distributions, paying bills under the Trustee's direction, and coordinating with beneficiaries on behalf of the Trustee.
Custodian
Streamlining trust administration. For trustees experienced in asset management and trust administration, we offer custodial service designed for efficiency. Our custody platform and trust accounting system provide reporting in accordance with the Uniform Fiduciary Income and Principal Act and secure asset holding. We custody and provide record-keeping for a range of asset types, from traditional assets like publicly traded securities to unique and hard-to-value assets.
NEXT STEPS
For further information on Trustee Services with Chain Bridge Bank, N.A., please contact us to discuss your trust and estate needs.
