Clients don’t buy products or services, they buy solutions and results. A solution we provide that sets our firm apart is our coverage of Unique Assets. Independent Trust clients typically own stocks, bonds and other liquid investments, but also illiquid investments (a vacation property, a share of the family business, oil wells, a collection of antique cars, etc). Many firms decline to include these types of Unique Assets in trusts because they can be complicated to assess but here at Independent Trust Company, we pride ourselves in ensuring our clients’ trusts include every solution they need to deliver a result that cares for families as the document intended.
For example, consider a vacation home that has been in the family for years. Multiple branches of the family use it but if the patriarch or matriarch cannot (or prefers not to) manage the property, there are certain issues they may arise such as:
The management of Unique Assets is time consuming and can be difficult so it’s common to want someone else to be responsible. If you have something that falls in the Unique Asset category that you would like to be a part of a trust, let’s start the important work of the establishing the valuation now. We have worked with Unique Assets for over 20 years and understand the complication they bring to estate planning. Bringing them to us to review not only saves you money with accountants who would be assessing the value right now but since we will have to review it before it can become a part of a trust, it saves time and money to review and properly assess the asset now. This also allows the asset can be incorporated into Agent for Trustee services and, ultimately, be in place after the grantor passes.
Some of our most in-demand unique asset offerings include:
Loans & Notes
Minerals, Oil & Gas
Tangible Assets & Collectibles
The Independent Trust Company is ready to discuss your Unique Asset and the ways we can support its inclusion in your family’s legacy for years to come. Please contact us to begin the process.