Trustee and Fiduciary Services
All estate plans, from simple wills to complex trust arrangements, require someone
to administer the affairs and manage the assets of the estate. By utilizing Montecito
Bank & Trust, clients ensure that their estate plan is carried out in a highly professional
and efficient manner. Unlike family members or friends, who may lack the time, interest,
expertise, or resources to handle such matters, the bank is always ready to serve
when needed.
Montecito Bank & Trust also has particular expertise with complex tax and investment
matters. Mismanagement in these areas by inexperienced individuals may cost estates
large sums of money in unnecessary taxes and penalties, as well as missed investment
opportunities.
The bank's complete range of services
in estate administration and investment management
generally costs less than the annual fees an investor would pay to own an actively
managed mutual fund. Plus, we are experienced at handling all types of assets including
cash, stocks, bonds, real estate, mutual funds, limited partnerships, and family-owned
or privately-held businesses. All these services are available during the client's
lifetime, or can be activated upon their passing.