Professional Trustee Services

Key reasons why you should use First Foundation Bank Trust Services include:

Asset Management - Benefits Include:

• Professionally managing trust assets in compliance with trust provisions and investment objectives.
• Oversight and management of Registered Investment Advisors to established performance objectives.
• Fully diversified portfolio reporting for all relevant investment segments including real estate and other tangible investments.

Accurate Recordkeeping - Benefits Include:

• Thoroughly recording all trust activities for long term defense for trustee actions.
• Reporting all trust activities and investments in a single statement during the trust's term.
• Providing current and remainder beneficiaries information required by law.
• Retaining comprehensive tax data for preparation of annual tax returns and, upon death, faster preparation of the Federal Estate Death Tax Return (Form 706), as necessary.
• Maintaining cost basis, acquisition dates and historical market value information needed for tax preparation.

Trust Administration - Benefits Include:

• Professionally managing and documenting trust distributions to beneficiaries.
• Transferring assets or accessing funds currently under management at the time of a death in the shortest timeframes possible.
• Alleviating liability and criticism of individual trustees by other heirs and taxing authorities.
• Maintaining family harmony because a corporate trustee must act as a neutral party to all beneficiaries by law.
• Providing automatic distribution from trusts to help with budgeting.

Tax Planning - Benefits Include:

• Managing portfolios in a tax efficient manner by balancing short term/long term gains, losses and loss carry forwards with the need to generate income.
• Overseeing and coordinating the preparation of all annual fiduciary tax returns for each trust.
• Paying taxes, insurance, estimated income tax payments for individuals and trusts as needed.

Personal Care - Benefits Include:

• Assisting in arranging in-home care and care providers when needed.
• Securing special care services for a beneficiary who has special needs.

Trustee Services Brochure (PDF)

Trust Investments:
- Not insured by FDIC or any other Federal Government Agency
- May lose value
- Not a deposit of, or guaranteed by, the bank or any bank affiliate