One of the questions I frequently receive is: “Is it hard for me to transfer my trust funds to your bank?”
At Live Oak Trust, we have a dedicated Legal team that makes transferring accounts a breeze! All we need are copies of the following:
- Current trust agreements and trust statements
- Identifying documents such as driver’s license, business license, W9
- Agreements you may have with an outside investment manager, record-keeper or tax preparer
Our legal team will take care of drawing up the successor documentation for you and your current trustee to sign, and will get any state approvals if required.
Once all documents and required state approvals have been received, our Operations team will work directly with your current trustee to transfer the assets to us.
Unlike other institutions that have a few employees that are familiar with funeral and cemetery trusts, our trust staff has over 200 years of combined experience working solely with these types of accounts. We are very familiar with all of the idiosyncrasies of these accounts and the requirements each state imposes on them.
Live Oak Trust's staff has over 200 years of combined experience Click To Tweet
Learn more by contacting our team at 844-568-7878 or visiting our website here.
About Jodi Kalter
Jodi joins Live Oak Trust with over 27 years of experience in the funeral and cemetery industry, most recently serving as Senior Trust Administrator at ClearPoint Federal Bank & Trust, and formerly as Vice President & Relationship Manager at U.S. Bank and Vice President & Trust Officer at SunTrust Bank.
At Live Oak Bank, Jodi’s responsibilities include fiduciary activities for trust administration and relationship management as well as administrative oversight for preneed funeral, cemetery merchandise, and perpetual care trusts for both independently owned locations and large corporate consolidators. Additionally, Jodi ensures each trust is managed consistent with the trust agreement’s provisions and applicable state law, business development, risk management, and serving as the main point of contact for clients.