Chesapeake Bank Trust as the marchitecture division of Chesapeake Bank has to offer an epitomizing view of what it can provide individually or collectively to a customer. The major trust division in Chesapeake Bank Trust incorporates the following:
Services
- Trust Services:
- Personal Trusts: These could be revocable and irrevocable, living, and special needs trusts. This will help in estate planning, asset protection, and management of assets based on the desires of the clients.
- Estate Administration: Steps to administer the estate, settlement, probate, and distribution.
- Charitable Trusts: Preparation and management of trusts to transfer assets for the use and benefit of charitable organizations or causes; charitable trusts could be categorized in the form of charitable remainder trust, charitable lead trust, etc.
- Wealth Management:
- Investment Management: Advice, which a person takes on a regular basis, on the professional management of funds in various securities to meet his or her stated financial goals for returns and risk tolerance through the proper assignment of his or her assets in a diversified investment pool.
- Financial Planning: Ranging from retirement planning to tax strategies to funding for education and many others.
- Retirement Accounts: Management services regarding planning retirement plans and consultative services for IRAs, 401(k)s and other retirement savings accounts.
- Estate Planning:
- Estate Planning Services: Assistance in the design and implementation of plans and strategies for handling the management and distribution of a client’s assets by will, trust, or power of attorney.
- Tax Planning: Develop tax strategies that can minimize estate taxes and effectively enhance the transfer of wealth.
- Fiduciary Services:
- Corporate Trustee Services: Acting as trustee of personal and family trusts to ensure that the assets held in trust are managed and administered in accordance with the terms of the trust deed and in the best interests of the beneficiaries.
- Agent for Trustee: Acting as an agent or co-trustee with individual trustees to provide technical expertise and support.
Benefits
- Expertise and Experience: Chesapeake Bank Trust offers years of experience and knowledge to help you shape experienced counsel around your financial and estate plans.
- Personalized Service: Provides tailored solutions in order to meet individual needs and goals, thereby ensuring that services in the areas of trust and wealth management are connected with personal and financial objectives.
- Full-Service Solutions: They deal in investment management and estate planning; hence, the clients can manage all the segments of financial and estate planning at one stop.
- Local Focus: Being a part of Chesapeake Bank, it gives them a valuable understanding of local community and market conditions, which can prove beneficial for clients in their service area.
- Trust and Integrity: Fiduciary obligation and duty carry the mandate to ensure that all decisions made are those that are with the best integrity and therefore in the best interest of the client.
Get Started
- Website: To have a brief idea about trust services, wealth management options, and education information.
- Representative Contact: Trust and wealth management professionals can help with certain questions that are raised. Personal advice is provided to the client/client’s family.
- Appointment: Meet with a trust advisor to discuss services, goals, and preparations of an individualized plan for each.
Additional Notes
- History and Reputation: Chesapeake Bank Trust shares in the longstanding reputation and stability provided by Chesapeake Bank, a financially strong local presence dedicated to community service.
- Community Involvement: Like the bank as an institution, the department likely has its hand in community matters and underwrites local initiatives of consequence.
At Chesapeake Bank Trust, the mission is to provide comprehensive trust and wealth management that is relationship-driven and team-led. They counsel clients through complex financial and estate planning issues, always sure to represent clients with the highest level of professionalism and ethics.
