A model designed for complex trusts

Your family may have dozens or even hundreds of trusts requiring fiduciary expertise, from directed trustees and administrative trustees to specialized positions. Filling those roles – and finding the right mix of professional knowledge and personal attention to meet your needs – can be a challenge. 

Ascent clients don’t have to choose between corporate trustees or a personalized relationship. By staffing our client relationship teams with fiduciary experts, integrating trustee services with banking, investments and other family office services, and providing situs options and specialized asset management, we deliver a best-of-both-worlds experience.

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Centered in the client relationship

Our approach to trust and estate services is unique. We center our services within the local client relationship team to help ensure your individual needs are anticipated and met, and decisions are made in the context of your overall wealth plan. 

Ascent relationship teams are staffed with former practicing estate planning attorneys and other professionals with years of experience. They’re uniquely qualified to provide guidance on all aspects of your fiduciary plan, from selecting the right type of trust to the best combination of corporate, family member and family office trustee roles to optimize results.

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Protecting wealth through trust situs

The situs of your trust – the state where it’s administered – can have a significant impact on its effectiveness as a planning tool, with different jurisdictions offering unique advantages in key areas such as taxation. 

Ascent’s fiduciary model is built around maximum trust situs flexibility. Our experienced professionals can provide guidance on the optimal location and structure for both new and existing trusts. In addition to offering situs in the states where our client teams are based, we have in-house experts in Delaware, Nevada and South Dakota – states that provide potential benefits as trust situs locations. 

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Comprehensive family trust services

Continuity is key to an effective trust and estate strategy. With our expertise in managing multiple complex trust structures and offering situs recommendations that optimize our client’s experience, Ascent can bring all trust services under one roof. Depending on your needs, we can also provide:

  • Specialty asset management for commercial and residential real estate, farms and ranches, closely held assets, natural-resource properties, royalties and other unique asset classes
  • Reliable recordkeeping and asset safekeeping
  • Entity, account and asset administration 
  • Master custodian/multi-manager relationships

Other Ascent services

Family office services

Whether you want a robust family office option or specific elements, our services can be customized to fit your needs.

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Investment consulting

You’ll receive the personalized service of a boutique investment firm combined with the vast resources of U.S. Bank.

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Private banking

You’ll have a single point of contact – your dedicated private banker – with access to the services of one of the world’s most respected banks.

Insights from our experts

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Market news

Stay informed with our up-to-date reports on economic events and news from the markets.

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Considerations for family legacy planning

These steps can help you create a legacy plan that both reflects your values and incorporates tax-efficient ways to transfer your assets.

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Family inheritance: Does fair mean equal?

A variety of factors can impact how you distribute your estate to your beneficiaries. Doing so fairly and equitably may require some creative thinking.

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Disclosures

Investment products and services are:
Not a deposit ● Not FDIC insured ● May lose value ● Not bank guaranteed ● Not insured by any federal government agency

U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

Family Office Services are not fiduciary in nature and Ascent serves in a non-fiduciary role when providing these services. Family Office Services may include leadership and legacy consulting services in order to facilitate your self-assessment of family office services issues. Ascent does not engage in the practice of psychology.

Non-financial specialty assets, such as real estate, farm, ranch and timber properties, oil, gas and mineral interests or closely-held business interests are complex and involve unique risks specific to each asset type, including the total loss of value. Special risk considerations may include natural events or disasters, complex tax considerations and lack of liquidity. Specialty assets may not be suitable for all investors.