Irrevocable Trust
An irrevocable trust is designed to transfer assets into a long-term trust structure that generally can be changed up until the grantor passes away. These trusts are often used to support estate planning, asset protection, and long-term financial goals while providing clear direction for how assets are managed and distributed.
Why Families Consider an Irrevocable Trust
- May help support estate and tax planning strategies
- Can help protect and preserve assets for future generations
- Provides long-term direction for how assets are managed and distributed
- Allows assets to transfer outside of an individual’s estate in certain situations
Because irrevocable trusts often involve complex legal and tax considerations, having an experienced and neutral trustee can help provide consistent administration and oversight over time. State Bank & Trust Co. may serve as trustee to help ensure the trust is managed according to its intended purpose.
Non-deposit investment products are not insured by FDIC, not a deposit or other obligation of, or guaranteed by State Bank & Trust Co., and may be subject to investment risk, including possible loss of the principal amount invested.
