Both within and outside of trusts, insurance can be a highly effective means of tax efficiently transferring your wealth and protecting your estate. As an estate planning tool, insurance can serve a host of purposes including:
Working together with our insurance and trust specialists, your SunTrust advisor can help you explore a variety of solutions to protect your wealth and maximize your legacy for future generations.
While IRAs, CDs and certain annuities may be efficient savings vehicles they can be inefficient methods of transferring wealth. By liquidating those assets and using the proceeds to pay premiums for a life insurance policy, you could positively impact your tax liability.
Insurance products are offered by SunTrust Investment Services, Inc.
Planning and communicating are critical to the success of wealth transfer. These five steps can help guide you as you make your plan and prepare your heirs for the eventual transfer of your estate.
Did you know that when it comes to your assets, such as retirement accounts and life insurance passing down to your heirs outside of probate, beneficiary designations take absolute precedence over any and all provisions made in your Will?
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.
The SunTrust Weekly Market Monitor provides a view of last week’s market events.
The days of marketers pitching products and services to consumers and telling them what they need seem long gone. Instead, marketers are conversing directly with consumers, responding to questions and requests through social media.
Loan officers and real estate agents are key players in the home buying process, so it’s important that these professionals work well together. Sometimes, though, this is easier said than done.
Home financing options—led by conventional loans—remain in high demand even as interest rates and home prices edge higher from recent levels.
How technological trends—from mobile apps to social media to digital mortgage options—are improving the mortgage application process.
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