AUSTIN CAPITAL TRUST COMPANY
Providing for the long-term financial security and safety of assets
PROTECTING RESOURCES BY PROVIDING THE RIGHT SERVICES
Austin Capital Trust Company’s role is to help protect
Austin Capital works to develop and implement a
assets for individuals, families, and corporate clients.
sound plan to provide the protection you need. By
working in concert with other financial professionals to
While there is no way to predict the future, there are
fulfill your wishes, you have the confidence knowing
steps you can take in order to protect your assets to
independent experts are working to provide critical
provide meaningful financial security now, and in
fiduciary safeguards.
the future.
Austin Capital’s trust services help ensure the prudent
management of assets now and in the future.
FAMILY WEALTH PRESERVATION
One of the basic components of financial and estate
Providing a trust for your loved ones can be a key step
planning is the creation of trusts. A trust is a legal
to ensure they are properly cared for, and provides
document that enables the trust to own property for
peace of mind to you as you plan for the future.
the benefit of a third party, and outlines how these
assets will be managed upon your death or when you
Austin Capital understands the relationship you have
are unable to manage your affairs.
forged with your advisor. Your advisor’s experience
is invaluable in developing financial and investment
After death, the trust will distribute assets to
plans; their services include guidance on many trust
beneficiaries, or hold and invest the assets for a
details, including:
specified number of years. Unlike a will, a trust does
not go through probate, a process that can take a great
deal of time, may have tax implications, and is a matter
of public record.
• The steps involved in establishing a trust
• Determining the qualifications of the trustee
• The type of trust to help you meet your objectives
• Use of experts such as tax professionals or estate
Establishing a trust allows you to provide guidance
planning attorneys to ensure your estate plan meets
on how and when the trust assets will be distributed.
your objectives and needs
As a part of your complete financial and estate plan,
a trust allows you to enjoy your assets during your
lifetime while establishing guidelines on how they will
Your advisor can assist you in determining which
services may be most beneficial to you.
be managed and distributed to your beneficiaries when
the time comes.
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TRUST SERVICES OFFERED BY AUSTIN CAPITAL
Austin Capital Trust Company offers an array of specialized
trust services, each with distinct benefits to you:
Austin Capital Reporting Services
These services handle the specialized accounting and reporting
for trust assets. Enhanced Reporting Services include:
Agent for Trustee Services
• Principal and income tracking
Austin Capital can be appointed as Agent for the Trustee,
• Tax-lot accounting
assisting a trustee with many of the complex services required
• Recordkeeping for marketable and non-marketable securities
in trust administration, while allowing your advisor to retain
investment management duties. As Agent for the Trustee, we
provide assistance with:
Administrative Trustee Services
These services handle all the fiduciary, accounting, and tax
• Accounting
responsibilities of administering a trust. By appointing Austin
• Recordkeeping
Capital as corporate trustee your advisor will remain your
• Tax reporting
• Other administrative requirements
primary relationship and knowing that the trust administration
is being professionally handled by Austin Capital.
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Reporting
Services
Agent For
Trustee
Services
Administrative
Trustee
Services
More Complex Needs
Simpler Needs
A Full Spectrum of Trustee Services Offerings
that Grow as Your Lifestyle Changes
TYPES OF TRUSTS
Irrevocable Life Insurance Trusts
Charitable Remainder Trusts
A common way to minimize estate taxes involves the
With a Charitable Remainder Trust (CRT), your philanthropic
establishment of an Irrevocable Life Insurance Trust (ILIT). A
goals can be addressed by leaving a portion of your estate to
properly structured and administered ILIT can keep your death
your favorite charity.
benefit of your life insurance policy out of your estate. The full
benefits of the life insurance policy go to the beneficiaries of
your choosing.
Special Needs Trusts
If you have a child or grandchild with special needs, this type
of trust will ensure that their needs will be taken care of during
their lifetime.
Revocable Living Trusts
Revocable living trusts allow you to retain control of all the
trust assets. If you should become disabled, the successor
trustee will be able to make decisions on your behalf.
Qualified Personal Residence Trusts (QPRT)
A QPRT allows you to remove some of your assets from your
estate in order to reduce potential estate taxes and preserve
more wealth for your heirs.
• Allows for a charitable income tax (or estate tax) deduction
• Can remove appreciating assets from the donor’s taxable
estate
Charitable Lead Trusts
A charitable lead trust makes gifts to your favorite charity for a
specified number of years prior to being passed on to your heirs.
Grantor Retained Annuity Trusts (GRAT)
A GRAT allows you to minimize transfer taxes on assets that are
likely to appreciate. The grantor will retain the right to receive
an annuity from the trust for a set number of years. At the
end of the trust term, the assets are then passed on to the
beneficiaries free of additional gift taxes.
Bypass (Family) or Credit Shelter Trusts
The bypass trust allows you to minimize the tax liabilities for
your surviving spouse’s estate leaving more for your heirs. It
does this by maximizing the use of both you and your spouse’s
federal unified credits.
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CHOOSING THE RIGHT TRUSTEE
Individuals sometimes appoint themselves, a family member, or
Objectivity
a family friend as trustee.
• Family situations can become emotionally charged, and
Your advisor may point out that this is not always the best
this can put a trustee who is a relative or family friend in a
choice. There are a number of factors you may wish to consider.
difficult position.
• At these times, it is best to have important issues decided
Experience and expertise
• Trust laws are complex and change frequently. A trustee has
with objectivity.
• Austin Capital will make decisions that are in the best
interest of the beneficiaries with no outside bias.
a significant responsibility to keep up with changes in laws
affecting trusts.
• Trustees must give careful consideration to requests for
distributions.
• Trustees must also account for the receipt and
Long-term Reliability
• Age or illness can prevent an individual from performing
the duties of a trustee.
disbursement of income and principal from the trust
• Your family’s situation may change over the years. A trustee
assets, and prepare and file the annual trust income tax
who will continue to be responsive to your needs, and
returns (state and federal).
those of your trust’s beneficiaries, is a must.
• Trustees face personal responsibility in carrying out
fiduciary duties.
• A corporate trustee helps to ensure continuity during the
full term of the trust, and may be a more fitting long-term
choice than appointing an individual.
Austin Capital’s automated platform enhances access to all
information necessary for trust/custodial services as well as
trading functions.
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CREATING A PARTNERSHIP WITH YOUR ADVISOR
Austin Capital understands the importance of your advisor
Successor Trustee
in your financial plan and has developed a platform that
is designed to support your trust needs while allowing your
Even if you have named yourself trustee in order to continue
advisor to continue to provide valued services.
to manage your affairs, eventually someone will need to step
in for you when you are no longer able to act in this capacity.
With our platform, your advisor will continue to play a critical
role in the selection and management of your assets while
Austin Capital assumes fiduciary responsibility of overseeing
the investment policy and your advisor’s management.
• Austin Capital will act in an unbiased manner to execute
the provisions of the trust.
• Keeping accurate records of transactions, filing tax returns,
and reporting to beneficiaries are critical roles in serving as
Austin Capital Trust Company has the flexibility to perform
Successor Trustee.
roles as needed.
Agent for Trustee
Sole Trustee
• If named as sole trustee, the Austin Capital will assume the
administration and fiduciary responsibilities of managing
your trust according to the terms outlined in the trust
document.
• Your advisor can continue to have investment management
responsibility over the trust assets.
Even if you have already appointed yourself or another
individual as trustee, you may benefit from having the Trust
Company act as Agent for the Trustee.
• For many individuals, the administrative aspects of serving
as trustee can be a time-consuming burden.
• By appointing Austin Capital Trust Company to act as
your agent, you (or the individual you have appointed as
trustee) will still retain fiduciary responsibility as trustee,
Co-trustee
while Austin Capital Trust Company assumes all the daily
administrative duties.
• If named as a co-trustee, the Trust Company will share all the
administrative and fiduciary responsibilities of administering
the trust with another named trustee. This could be you or
another individual.
• Your advisor can also continue to have the investment
management duties.
Austin Capital Trust Company is a non-depository Nevada-chartered trust company. Investments are not insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency, are not obligations of any bank, and are subject to risk, including possible loss of principal.
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ROLES AND RESPONSIBILITIES
With Austin Capital Trust Company, you and your advisor have the flexibility to select the service that is most appropriate for your
needs. The following illustration may help you better understand how each of the parties relates to the other, and their respective
roles and responsibilities.
Grantor (You)
You set up the trust with your attorney’s
assistance, name the trustee(s) to administer
the trust, and name your advisor to manage
the investments held in trust.
Fi n a n ci a
us
tC
lA
d
Your financial advisor manages the
trust’s investments, and may continue
to provide you with guidance involving
wealth management and estate planning.
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so
omp
WORKING
TOGETHER
vi
Financial Advisor
a ny
ntor (You)
Gra
r
Tr
e
Th
Austin Capital Trust Company
Austin Capital provides administrative
services based on the needs of the trust.
Austin Capital will serve as the trustee
or agent for trustee depending on the
appointment.
THE BENEFITS OF WORKING WITH AUSTIN CAPITAL TRUST COMPANY
The goal of establishing a trust account is to put your financial
Low Income Tax Rate
and estate plan into action for your beneficiaries. By working
together in partnership, Austin Capital Trust Company and
your advisor can ensure that your plans will be carried out as
intended.
• Nevada currently has no state income tax on accumulated
income that is not distributed, depending upon trust type.
• Nevada currently has no corporate income tax and no
franchise tax.
Austin Capital brings a wealth of experience in administering
our services. Our team of professionals is dedicated to ensuring
that your wishes are executed as outlined in the trust document.
Our team makes it their job to stay current with changing trust
laws and regulations, and work closely with advisors like yours
Preferential Asset Protection Laws
• Nevada laws allow a trust to be effective for 365 years.
• Excellent privacy laws to protect you and your beneficiaries.
to help ensure that your needs are met.
Trusts managed by Austin Capital Trust Company are
administered in Nevada, which may provide you with a number
of important benefits, including:
Trust Investments Governed According to
Nevada Law
• Nevada trust laws allow grantors investment flexibility by
allowing them to set their own investment parameters.
• Nevada trust laws also allow for the appointment of an
investment advisor to serve along with the trustee.
Content provided is general in nature and is for informational purposes only. Content is not intended to be, and should not be construed as (i) legal or tax advice, or
(ii) a legal opinion. Austin Capital Trust Company does not provide legal or tax advice. Laws of a particular state or laws that may be applicable to a particular situation
may impact the applicability, accuracy, or completeness of this information. Federal and state laws and regulations are complex and are subject to change. Clients should
consult their legal or tax advisors regarding their specific legal or tax situations prior to taking any action based upon information provided herein.
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RETIREMENT PLAN TRUST AND CUSTODIAL SERVICES
Providing a retirement plan to employees is a true benefit. By
Directed Trustee Services
working with Austin Capital Trust Company, you will provide
protections and safeguards for your employees as well as
reduce the personal liability associated with sponsoring a plan.
• Provide protection for retirement plan assets for the
exclusive benefit of the employees
• Provide plan-level reporting and statements
Austin Capital Trust Company provides directed trustee service,
• Make distributions to plan participants as directed
trust administration, back-office services, and custodial services
• Hold title of plan assets to provide safekeeping
to corporate retirement plan sponsors nationwide.
Austin Capital’s automated platform enhances access to all
information necessary for trust/custodial services as well as
trading functions.
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Austin Capital Trust Company, LLC
200 S. Virginia, 8th Floor
Reno, NV 89501
(775) 686-2417
www.abetterwaytoretire.com