Delivering Proven Trust Solutions

Preneed Funeral Trusts • Cemetery Merchandise and Services Trusts • Perpetual Care Cemetery Trusts

Live Oak Trust exists to provide superior trust services with a singular focus on funeral home and cemetery clients. Your trust accounts are vital to your business, and we’re committed to helping you succeed. With a dedicated funeral and cemetery trust team, you can be confident in choosing Live Oak Bank for your funeral home and cemetery trust needs.

Contact Our Team   Trust Client Log In

Compliance and Regulation



In this ever-changing regulatory environment, we understand the importance of ensuring your trust accounts are in compliance with all the various state statutes, rules and regulations. That’s why we have an in-house legal team exclusively focused on funeral and cemetery trusts. These trusts vary greatly from your typical personal trust and require extensive monitoring. A dedicated team of trust professionals focused solely on your specific industry is the best way to make certain your trust accounts remain in compliance.

Transferring Your Trusts to Live Oak Bank

Customer service is truly our priority, which is why we make the trust transfer process simple and streamlined. For new clients, we perform a comprehensive review of your existing trust documents, and if needed, update them using our state-specific trust forms to ensure conformity with applicable law. To expedite the process, we draft the necessary trust transfer documents and secure any regulatory approvals that may be required. From the initial transfer of your trust account to the ongoing management of daily tasks, each member of our team is committed to providing you with exceptional service and attention.

For your convenience: Live Oak Trust Services

Management of the trust fund, agency account or custody account in accordance with the provisions of the governing trust agreement and consistent with applicable law Timely processing of trust deposits, withdrawals and cancellations
Comprehensive review of your existing trust agreements and, if applicable, preparation of new trust agreements Distribution of principal and/or income as permitted under the governing trust agreement and applicable law
Securing regulatory approvals from funeral authorities that may be required for trust transfers Preparation and filing of all required federal and state trust tax returns
Continual review and oversight of trust fund investments, made at the direction of your duly appointed investment manager, to ensure compliance with the account’s investment policy and applicable law Preparation and filing of all regulatory reports required under applicable law
Monthly and annual trust account statements Availability to auditors or examiners, as needed
24/7 web access to your account balances, transaction history and statements

Our Experts, Your Security

Relationship Managers oversee the general activities of your trust account to ensure your trusts are managed in compliance with the governing trust agreement and applicable statutes and regulations.

Operations Personnel provide administrative support on daily business operations, including the processing of deposits and withdrawals as well as required reporting and reconciliations.

Tax Professionals prepare and file estimated tax payments and federal and state tax returns.

Legal Professionals continually monitor state regulations for trust compliance, review trust agreements, draft state-specific trust documents and secure regulatory approvals for trust transfers.


Contact a Trust Member

Our Live Oak Trust Team

  • Steve Jackson
    CEO

    Email Steve | (910) 212-4709

  • Justin Wilson
    Senior Vice President & Senior Legal Counsel

    Email Justin | (910) 212-4948

  • Jim Breaux
    Senior Vice President - National Sales Director

    Email Jim | 910.758.2266

  • Brian Cunningham
    Vice President & Trust Operations Officer

    Email Brian | (910) 796-1659

Investments and insurance products:
Are not FDIC insured | are not guaranteed by Live Oak Banking Company | are not deposits | Are not insured by any state or federal governmental agency | may lose value

Live oak banking company and its affiliates and the directors, officers, employees and agents of Live Oak Banking Company and its affiliates (collectively, “Live Oak Bank”) are not permitted to give legal or tax advice.

Clients of Live Oak Bank should consult with their legal and tax advisors prior to entering into any financial transaction.