Trustee Services

Often the crux of our services for individuals is in acting as a trustee. By choosing Stock Yards as your trustee, you are utilizing the resources of one of the largest locally owned trust companies in the region with one of the most experienced staff of professionals.

The following sections describe the various types of trusts which you may use to help you accomplish your individual objectives. Whether your goal is investment management, retirement planning or providing for your family or charities, Stock Yards Trust Company has the solutions to help you get where you want to be.

Many individuals will name Stock Yards Trust Company as their trustee in order to accomplish one or more personal objectives. For example, trusts can be used to transfer wealth to family members or charities in an orderly and tax efficient manner. Clients will often use a trust relationship to gain better control over their personal finances; the trustee can aid with income collection and recordkeeping and can even pay bills and file insurance claims.

Some persons establish a trust to provide protection from disability, both for themselves and for other family members who may be beneficiaries.

Perhaps most important, a trust can be used to take advantage of Stock Yards' investment management expertise.

A trust is established with Stock Yards Trust Company by having your attorney prepare a trust agreement. Our staff of professionals is available to consult with you and your advisors to customize a plan that will accomplish your individual objectives.

Using a corporate trustee like Stock Yards gives you several advantages. We have a staff of professionals, well trained in every aspect of being a trustee, who will provide you and your family with the benefit of years of experience. We are always impartial in offering advice and executing our responsibilities as trustee, and you know the trust company will always be available to serve, as trustee.

Unlike many money management firms, Stock Yards understands the serious nature of being a fiduciary and welcomes the role of being a trustee.

Types of Trusts

Living Trust - These trusts hold title or ownership to your property and assets.  Living trusts can provide professional asset management for you during your life, avoidance of probate, continuation upon incapacity or death, and privacy protection.

Trust Under Your Will - A trust under will is established under the terms of your will and begins to function only upon your death.  These trusts contribute to your family's financial protection by providing for the investment and protection of assets for your survivors.

Charitable Trust - Whether it be through a charitable remainder trust or a charitable lead trust, your benevolence will be realized in a tax and time efficient manner.

Stand-by Trust - A type of living trust that remains unfunded and idle until the grantor becomes incapacitated or elects to activate the trust.  These trusts can be incorporated into other estate planning arrangements.