Skip to main content

Trusts

  • Trusts, Old Point Bank

Trust Services

As a locally owned and operated company, Old Point Wealth Management provides direct, "hands on", personalized service with a teamwork approach for each trust under our administration.

A Trustee/Fiduciary's Responsibilities and/or Functions

  • Be loyal to the trust and carry out the provisions of the trust document in a fair and impartial manner.
  • Exercise prudent judgement in the management of the trust assets
  • Perform the day-to-day administration of the trust
  • Be aware of current fiduciary income tax, estate tax, gift tax, generation skipping transfer tax and their impact on the trust & beneficiaries
  • Upon termination of a trust, determine proper expenses and taxes to be paid, and distribute the trust in accordance with its terms.

Naming a Corporate Trustee

How do you ensure that trust decisions are made with an eye towards personal understanding of your beneficiaries and their needs? Some choose to name a relative or friend to succeed them as their trustee. Many individuals, though, often find managing a trust to be both complex and burdensome.

Types of Trusts & Their Goals

Our experts can assist you in determining what works best for your unique situation.

  • Revocable Living Trust (RLT)
  • Special Needs Trust
  • Testamentary Trust
Leaving Site

You are now leaving the oldpoint.com website

The link you clicked will take you to a third-party website. We do not control the content of this site, nor do we endorse or guarantee the products, information or recommendations provided by the linked site, Please review their Privacy Policy as it may differ from ours. The linked third-party website may provide less security than the bank's website.