Investment Services are available at any of our ten convenient locations.
- Mutual Funds
- Insurance and Annuity products
- Portfolio Management
- Retirement Planning
- Financial Planning
Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC, an independent broker/dealer, and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Raymond James is not affiliated with the financial institution or the investment center.
Our experienced trust professionals primary focus is to provide the very highest quality of trust services and investment management for clients and beneficiaries. When developing the investment goals for a trust account, each client or beneficiary’s goals, risk tolerances and time horizons are carefully considered by the trust account managers. By tailoring each account’s investments specifically to the needs and goals of the client or beneficiary, the Trust Department can provide valuable financial security and confidence to its clients.
Revocable (Living) Trusts
A legal agreement under which assets are transferred to be managed by a trustee, whom the grantor appoints. The trustee can be the grantor, an individual or a bank with trust powers. The trust benefits one or more persons, usually you and your spouse. A living trust can hold all types of assets and can be used to unify your estate. The grantor has the power to amend or to terminate the trust at any time.
May be used to transfer property from the grantor’s estate to a trust set up for the benefit of a qualified charity. The trust pays income to the persons named for their life or for a set period of time. At the last income recipient’s death or at the designated time period’s end, the charity receives the trust assets. The grantor gets an immediate income tax deduction for the present interest gift.
A guardian is a person or corporate entity legally appointed to manage the rights and property of a person incapable of taking care of his or her own affairs. Minor children need a guardianship. A court of law may appoint a guardian ad litem to act on behalf of a child or incapacitated person.
Usually established by a gift from a grantor for the benefit of others. They last for a specified period of time or for the life of the beneficiary. Court approval is required for any amendments.
Wills and Estate Planning
Daily changes in personal and family situations can make it necessary to revise your will or estate plan. New children or grandchildren may create the need for additional planning, and the death of a loved one, trustee or executor often compels trust and estate changes. You may want to revise your estate planning if re-marriage, a child’s marriage or a divorce occurs in the family. New or revised tax laws, new state residency, or a larger estate may also affect your estate planning needs.
Section 142 Trusts
A 142 Trust is established by Texas law to receive and manage monetary damages awarded by the court for minor children and incapacitated adults. An 867 Trust is established by Texas law for the management of guardianship funds or an incapacitated person’s estate.
Life Insurance Trusts
Help beneficiaries manage proceeds and reduce estate taxes. The trust is the owner and beneficiary of the life insurance policy. At the grantor’s death, the trustee collects the proceeds, invests them prudently and distributes trust income and principal to beneficiaries according to the trust agreement’s directions. If the trust is properly structured, the proceeds will not be included in the grantor’s estate.
These trusts are created in the grantor’s will. They allow the grantor to provide for the continued management of assets after the grantor’s death by the appointed trustee. This type of trust also can be used to secure the estate tax marital deduction for property that would not otherwise qualify for the deduction. Other examples of testamentary trusts are generation skipping trusts, bypass trusts, and qualified terminable interest property (QTIP) trusts.
Outside Money Managers
Southwest Bank offers a choice of investment approaches. Solid and trusted investment management services are what our customers have come to depend on. In addition to these standard services, Southwest Bank also offers a unique arrangement, which allows our clients to utilize an outside investment manager through a brokerage firm and utilize the services of their investment advisor. This option of an outside investment advisor allows assets to be managed outside the bank at a brokerage firm of the client's choice (with approval of the Southwest Bank Trust Investment Committee). Under this arrangement, Southwest Bank's Trust Department serves as Trustee and provides full fiduciary services while engaging an investment advisor through a brokerage firm who invests the trust assets in accordance with the appropriate investment objectives established for each trust. Southwest Bank, as Trustee, works closely with the investment advisor to monitor the performance of the trust's investments, as well as the investment advisor, on a regular basis. Due to the affiliation with their firms, these investment advisors have access to the best research analysts in the industry. And because research is as difficult as it is important, you can have confidence knowing that you have the very best professionals looking after your trust assets.