Personal and Charitable Trusts

Trusts can provide both asset control and flexibility.

Addressing your family’s needs today and anticipating them for generations to come. It can be a difficult balancing act. Add in a desire to support one or more causes that are important to you and the challenge can be daunting.

By leaving assets in trust, however, you can strike the perfect balance. In addition to providing for the tax-efficient transfer of wealth, trusts can serve to protect the assets earmarked for your beneficiaries from creditors and divorce proceedings while providing them with nearly all of the rights, benefits and control over the trust property that outright ownership would afford.

Common types of personal trusts that we can establish on your behalf include:

  • Revocable Living Trusts
  • Testamentary Trusts
  • Credit Shelter Trusts
  • Generation-Skipping Trusts
  • Grantor Retained Annuity Trusts
  • Irrevocable Life Insurance Trusts
  • Qualified Terminable Interest Property Trusts
  • Qualified Personal Residence Trust

And if you have a strong philanthropic urge but no clear plan, we can help you develop one. Our trust advisors will work with you to create a comprehensive charitable giving plan using a Donor Advised Fund, a Family Foundation and/or either a Charitable Remainder Trust or a Charitable Lead Trust depending on your income and charitable goals.

Looking for a tax-friendly way to protect assets? Working with our seasoned trust experts, your SunTrust advisor can help you explore how the benefits of a Delaware Trust might better address the unique wealth management needs of your family.

Worried about the future of a special needs relative? Find out how a Special Needs Trust can ensure they are provided for after you’re gone, while still preserving their eligibility for needs-based benefits.

Articles and resources that can help you on your journey.

Rather than as a way to bypass estate taxes, more and more parents are turning to trusts as an ideal way to ensure that the financial legacy they leave their adult children is protected – from potential creditors, future divorce settlements and even irresponsible spending behaviors.


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SunTrust Bank and its affiliates and the directors, officers, employees and agents of SunTrust Bank and its affiliates (collectively, “SunTrust”) are not permitted to give legal or tax advice. While SunTrust can assist clients in the areas of estate and financial planning, only an attorney can draft legal documents, provide legal services and give legal advice. Clients of SunTrust should consult with their legal and tax advisors prior to entering into any financial transaction or estate plan. Because it cannot provide legal services or give legal advice, SunTrust’s services or advice relating to “estate planning” or “wealth transfer planning” are limited to (i) financial planning, multigenerational wealth planning, investment strategy, (ii) management of trust assets, investment management and trust administration, and (iii) working with the client’s legal and tax advisors in the implementation of an estate plan.

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