Trust Services South Valley Bank & Trust (SVBT), an Oregon banking corporation, is chartered to offer a full array of Trust services including Planning and Consultation, Trust and Estate Administration and IRA Services. By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
Some of our clients choose South Valley Bank & Trust's estate services because they want to set up a financial plan for their adult children or others. They want a professional with training and experience in investments and estate management to carry out their precise plan. Others simply want Trust services to make it easier for their loved ones, who may not be in the best position for managing an inheritance.
Whatever your reason, you can be assured that our Trust professionals are trained and understand that they are managing your estate. Part of that means they are highly-regulated to carry out your wishes fully and giving you peace of mind.
There is no fee for a consultation and no pressure to sign up for their services.
Trust Options
Estate Planning and Consultation
Personal Representative of an Estate-Executor/Administrator
Conservatorship
Living Trust - Revocable or Irrevocable
Testamentary Trust
Property and Investment Management Agency
Custodial Account
Rollover IRA - Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
1. Estate Planning and Consultation
Estate Planning is a service where the Bank works with the client and their attorney or other advisors, to analyze the client’s assets and financial interests and arrange a plan for conserving estate assets. This service generally leads to the Bank being named personal representative and/or Trustee under the plan. The purpose of the plan is to minimize estate and other taxes, assure the security of the client’s family, arrange for the continuity of his business, and provide for the disposition of assets according to the client’s wishes.
2. Personal Representative of an Estate - Executor/Administrator
Serving as personal representative or administrator is settling the estate of one who has died either leaving a Will (testate) or without a Will (intestate). The Bank may have been named in the decedent’s Will as the personal representative or executor of the estate. If the decedent names an individual as personal representative, that individual may have the Bank appointed as agent for the personal representative. If the deceased died intestate, the court may appoint the Bank as administrator of the estate. In each of these cases (whether as personal representative, agent for the personal representative, or administrator) the Bank, makes an inventory of the assets of the estate, prepares a budget for the settlement of the estate, pays all taxes and claims against the estate, prepares a final accounting for the probate court, and makes the final distribution of the assets to the heirs and beneficiaries.
3. Living Trust - Revocable or Irrevocable
A Living Trust is a Trust for which the Bank, as Trustee, usually assumes full management responsibility for the assets placed in Trust. Such a Trust may be revocable or irrevocable, and established for a variety of reasons. The Trustor may need professional or specialized investment management, may not have the skills necessary to manage his wealth, may not have the time to give to managing his investments, or may have other priorities. A Trust established for investment management provides financial protection in the event of incapacity and can be structured to avoid probate and obtain tax savings at the death of the Trustor.
4. Testamentary Trust
A Testamentary Trust is created under a Will. A person writing a Will may leave property directly to the beneficiaries or leave it in a Trust for them, a Testamentary Trust. Testamentary Trusts are established to protect the family, save on taxes, and manage investments, businesses, and farms. Family protection includes preserving the family home, relieving survivors of the responsibility for managing investments and other property, and supplying income necessary to maintain the family’s standard of living. It also includes providing for the special needs of children and eliminating the need to appoint a custodian for the children. (A guardian of the person of minor children is required and this must be an individual, not the Bank.)
A Testamentary Trust enables a person who has been remarried and has children from a previous marriage to provide for the surviving spouse and ultimately channel assets to his or her own children. It is also a way to provide life-long care for children who are suffering from physical, emotional, or mental disabilities.
5. Conservatorship
A Conservatorship is a court-appointed arrangement for the financial protection of the estate of an incapacitated person. Conservatorships are established for individuals who are considered legally incapacitated and own property not otherwise protected, have business affairs that are jeopardized by their incapacity and need funds for support or education of themselves and or their dependents. Common instances of legal incapacity are minors and adults who are incapacitated by medical causes, effects of aging, mental illness, addiction to drugs or alcohol, or confinement. The Conservator’s responsibility is much like the responsibility involved in estate settlement; gathering the assets, filing an inventory with the court, managing the property in the client’s best interest, making a periodic accounting to the court, and terminating the Conservatorship and distributing property at the appropriate time.
6. Property and Investment Management Agency
An Agency Account is a service where the Bank provides management or advisory service as complete as the client requests. The property managed may be securities, real property (a house, rental buildings or a farm), or other property.
Where securities are managed, the Bank may conduct periodic reviews and analyses of the securities; make recommendations for keeping or selling present securities and purchasing new ones; providing advance notice of maturity of bonds or notes; preparing an annual information statement for income tax purposes and watching for advantageous opportunities related to the securities held. The amount of discretion exercised by the Bank varies with the relationship from full discretion (the Bank is free to buy, sell and exchange securities within the principal’s portfolio without the client’s consent) to simply making recommendations to the client about proposed investment changes.
As managing agent for real property, the Bank may obtain tenants, arrange and handle leases, collect rents, advise the client of needed repairs and take care of those repairs, and pay insurance premiums, taxes, interest on the mortgage, or other assessments. As with the managing agency for securities, the management agency for real property will have varying degrees of discretion assigned to the Bank.
7. Custodial Account
A Custodial Account is a service where the Bank, as custodian for the principal, not only safe keeps the property, but also takes care of the routine administrative tasks associated with it. This includes receiving dividends and interest and disbursing or reinvesting them as the client instructs; collecting the principal on matured or called bonds, notifying the client of corporate actions affecting the property (bond calls, defaults, tender offers, class action suits); buying, selling, receiving or delivering securities at the client’s direction and providing a periodic statement of account activity (receipts and disbursements).
8. Rollover IRA - Self-Directed and Specialty Assets
Rollover IRA services are provided in a variety of circumstances, including for individuals receiving a large distribution (over $250,000) from their employer’s retirement plan. A direct rollover from the employer’s plan can prevent current taxability. Direct transfers from other IRAs may also be made. Rollover IRA service includes allowing self-direction of investments or full management. By maintaining an IRA, taxes on investment earnings as well as the capital rolled over are deferred until withdrawn. A wide range of investment opportunities such as stocks, bonds and mutual funds are available with this service. Additionally, the Bank is able to accept specialty assets into Rollover IRAs such as closely held stock, real property and notes secured by Deeds of Trust.
9. Charitable Gift or Portfolio Management
Charitable gifts may be made outright to the charity, as a part of a Will or estate plan, and through a variety of types of charitable Trusts established during lifetime. The Bank serves as Trustee for these gifts, managing, administering and disbursing them to assure that the charitable intent established by the donor under the pertinent gift agreement is adhered to in perpetuity. The Bank also serves as investment agent for the charity itself to professionally manage and account for gift funds in its portfolio.
Trust Services Locations:
Klamath Falls Trust Services
PO BOX 5210
801 Main Street
Klamath Falls, OR 97601 Phone: 877.487.8788 (toll-free) Fax: 541.880.5252
Medford Trust Services
PO BOX 1784
860 O'Hare Parkway, Suite 100
Medford, OR 97504 Phone: 800.695.0330 (toll-free) Fax: 541.779.1916
Please note: A Trust officer is available to clients in all areas, including Crook County, Deschutes County, Jackson County, Jefferson County, Klamath County and Lake County.
For Adults in Relation to Youth: Guardianships and Conservatorships
While individuals in this age-group are not of age to act in the capacity of a guardian or Conservator, minors certainly may find themselves subject to such a proceeding.
In Oregon, guardians are appointed by the courts or by being named in a legal document. A guardian has custody of the protected person and may establish that person’s residence. Each state’s laws are different in regards to Guardianships & Conservatorships. Some states grant the authority over both the physical and financial well being of the protected person. Other states, like Oregon, separate the two obligations. For example, South Valley’s Trust department will only act as Conservator and not guardian. SVBT will also not act as a health care representative under an advance directive. The guardian has a duty to provide care, comfort, maintenance, training, and/or education for the protected person.
Conservators are appointed by the court when a person becomes incapable of handling personal or business financial affairs and/or managing their property. When a Conservator is appointed they have a fiduciary duty to follow strict reporting and administrative guidelines.
The following links may be helpful:
Trust and Estate Planning
Trusts can be established for minors by loved ones for support, education, or possibly from an insurance settlement. A Trust may be created for the purposes previously described, or may result from a loved one’s estate plan, i.e. from a Will, Living Trust, or Irrevocable Trust. Their typical benefit will be the careful investment and protection of the Trust by the Trustee.
South Valley Bank & Trust offers a wide variety of Trust and Estate services to assist you in ensuring your financial security.
By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
You can be assured that our Trust professionals are trained and understand that they are managing your estate. They are heavily regulated to carry out your wishes fully, giving you peace of mind.
The following services are offered through the South Valley Trust department. A full description of these services can be found at the top of the page:
Estate Planning and Consultation
Personal Representative of an Estate – Executor/Administrator
Living Trust – Revocable or Irrevocable
Testamentary Trust
Conservatorship
Property and Investment Management Agency
Custodial Account
Rollover IRA – Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
Free Trust and Estate Consultation
For a free consultation on Trust and Estate services, please contact the SVBT Trust Department.
Some investment products are offered through Trust Services:
Investment products offered by SVBT Trust Services are not a deposit, not FDIC-insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.
Teens - Estate Planning
Trust Services South Valley Bank & Trust (SVBT), an Oregon banking corporation, is chartered to offer a full array of Trust services including Planning and Consultation, Trust and Estate Administration and IRA Services. By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
Some of our clients choose South Valley Bank & Trust's estate planning services because they want to set up a financial plan for their adult children or others. They want a professional with training and experience in investments and estate management to carry out their precise plan. Others simply want Trust services to make it easier for their loved ones, who may not be in the best position for managing an inheritance.
Whatever your reason, you can be assured that our Trust professionals are trained and understand that they are managing your estate. Part of that means they are highly-regulated to carry out your wishes fully and giving you peace of mind.
There is no fee for a consultation and no pressure to sign up for their services.
Trust Options
Estate Planning and Consultation
Personal Representative of an Estate-Executor/Administrator
Conservatorship
Living Trust - Revocable or Irrevocable
Testamentary Trust
Property and Investment Management Agency
Custodial Account
Rollover IRA - Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
1. Estate Planning and Consultation
Estate Planning is a service where South Valley works with the client and their attorney or other advisors, to analyze the client’s assets and financial interests and arrange a plan for conserving estate assets. This service generally leads to SVBT being named personal representative and/or Trustee under the plan. The purpose of the plan is to minimize estate and other taxes, assure the security of the client’s family, arrange for the continuity of his business, and provide for the disposition of assets according to the client’s wishes.
2. Personal Representative of an Estate - Executor/Administrator
Serving as personal representative or administrator is settling the estate of one who has died either leaving a Will (testate) or without a Will (intestate). South Valley may have been named in the decedent’s Will as the personal representative or executor of the estate. If the decedent names an individual as personal representative, that individual may have SVBT appointed as agent for the personal representative. If the deceased died intestate, the court may appoint SVBT as administrator of the estate. In each of these cases (whether as personal representative, agent for the personal representative, or administrator) South Valley makes an inventory of the assets of the estate, prepares a budget for the settlement of the estate, pays all taxes and claims against the estate, prepares a final accounting for the probate court, and makes the final distribution of the assets to the heir and beneficiaries.
3. Living Trust - Revocable or Irrevocable
A Living Trust is a Trust for which South Valley, as Trustee, usually assumes full management responsibility for the assets placed in Trust. Such a Trust may be revocable or irrevocable, and established for a variety of reasons. The Trustor may need professional or specialized investment management, may not have the skills necessary to manage his wealth, may not have the time to give to managing his investments, or may have other priorities. A Trust established for investment management provides financial protection in the event of incapacity and can be structured to avoid probate and obtain tax savings at the death of the Trustor.
4. Testamentary Trust
A Testamentary Trust is created under a Will. A person writing a Will may leave property directly to the beneficiaries or leave it in a Trust for them, a Testamentary Trust.
Testamentary Trusts are established to protect the family, save on taxes, and manage investments, businesses, and farms. Family protection includes preserving the family home, relieving survivors of the responsibility for managing investments and other property, and supplying income necessary to maintain the family’s standard of living. It also includes providing for the special needs of children and eliminating the need to appoint a custodian for the children. (A guardian of the person of minor children is required and this must be an individual, not South Valley.)
A Testamentary Trust enables a person who has been remarried and has children from a previous marriage to provide for the surviving spouse and ultimately channel assets to his or her own children. It is also a way to provide life-long care for children who are suffering from physical, emotional, or mental disabilities.
5. Conservatorship
A Conservatorship is a court-appointed arrangement for the financial protection of the estate of an incapacitated person. Conservatorships are established for individuals who are considered legally incapacitated and own property not otherwise protected, have business affairs that are jeopardized by their incapacity and need funds for support or education of themselves and or their dependents. Common instances of legal incapacity are minors and adults who are incapacitated by medical causes, effects of aging, mental illness, addiction to drugs or alcohol, or confinement. The Conservator’s responsibility is much like the responsibility involved in estate settlement; gathering the assets, filing an inventory with the court, managing the property in the client’s best interest, making a periodic accounting to the court, and terminating the Conservatorship and distributing property at the appropriate time.
6. Property and Investment Management Agency
An Agency Account is a service where South Valley provides management or advisory service as complete as the client requests. The property managed may be securities, real property (a house, rental buildings or a farm), or other property.
Where securities are managed, SVBT may conduct periodic reviews and analyses of the securities; make recommendations for keeping or selling present securities and purchasing new ones; providing advance notice of maturity of bonds or notes; preparing an annual information statement for income tax purposes and watching for advantageous opportunities related to the securities held. The amount of discretion exercised by SVBT varies with the relationship from full discretion (South Valley is free to buy, sell and exchange securities within the principal’s portfolio without the client’s consent) to simply making recommendations to the client about proposed investment changes.
As managing agent for real property, South Valley may obtain tenants, arrange and handle leases, collect rents, advise the client of needed repairs and take care of those repairs, and pay insurance premiums, taxes, interest on the mortgage, or other assessments. As with the managing agency for securities, the management agency for real property will have varying degrees of discretion assigned to South Valley.
7. Custodial Account
A Custodial Account is a service where SVBT, as custodian for the principal, not only oversees the property but also takes care of the routine administrative tasks associated with it. This includes receiving dividends and interest and disbursing or reinvesting them as the client instructs; collecting the principal on matured or called bonds, notifying the client of corporate actions affecting the property (bond calls, defaults, tender offers, class action suits); buying, selling, receiving or delivering securities at the client’s direction and providing a periodic statement of account activity (receipts and disbursements).
8. Rollover IRA - Self-Directed and Specialty Assets
Rollover IRA services are provided in a variety of circumstances, including for individuals receiving a large distribution (over $250,000) from their employer’s retirement plan. A direct rollover from the employer’s plan can prevent current taxability. Direct transfers from other IRAs may also be made. Rollover IRA service includes allowing self-direction of investments or full management. By maintaining an IRA, taxes on investment earnings as well as the capital rolled over are deferred until withdrawn. A wide range of investment opportunities such as stocks, bonds and mutual funds is available with this service. Additionally, South Valley is able to accept specialty assets into Rollover IRAs such as closely held stock, real property and notes secured by Deeds of Trust.
9. Charitable Gift or Portfolio Management
Charitable gifts may be made outright to the charity, as a part of a Will or estate plan, and through a variety of different charitable Trusts. South Valley Bank & Trust serves as Trustee for these gifts, managing, administering and disbursing them to assure that the charitable intent established by the donor under the pertinent gift agreement is adhered to in perpetuity. South Valley also serves as an investment agent for the charity itself to professionally manage and account for gift funds in its portfolio.
Trust Services Locations:
Klamath Falls Trust Services
PO BOX 5210
801 Main Street
Klamath Falls, OR 97601 Phone: 877.487.8788 (toll-free) Fax: 541.880.5252
Medford Trust Services
PO BOX 1784
860 O'Hare Parkway, Suite 100
Medford, OR 97504 Phone: 800.695.0330 (toll-free) Fax: 541.779.1916
Please note: A Trust officer is available to clients in all areas, including Crook County, Deschutes County, Jackson County, Jefferson County, Klamath County and Lake County.
For Adults in Relation to Teens: Guardianships and Conservatorships
While individuals in this age-group are not of age to act in the capacity of a guardian or Conservator, minors certainly may find themselves subject to such a proceeding.
In Oregon, guardians are appointed by the courts or by being named in a legal document. A guardian has custody of the protected person and may establish that person’s residence. Each state’s laws are different in regards to Guardianships & Conservatorships. Some states grant the authority over both the physical and financial well being of the protected person. Other states, like Oregon, separate the two obligations. For example, South Valley’s Trust department will only act as Conservator and not guardian. SVBT will also not act as a health care representative under an advance directive. The guardian has a duty to provide care, comfort, maintenance, training, and/or education for the protected person.
Conservators are appointed by the court when a person becomes incapable of handling personal or business financial affairs and/or managing their property. When a Conservator is appointed they have a fiduciary duty to follow strict reporting and administrative guidelines.
Trust and Estate Planning
Trusts can be established for minors by loved ones for support, education, or possibly from an insurance settlement. A Trust may be created for the purposes previously described, or may result from a loved one’s estate plan, i.e. from a Will, Living Trust, or Irrevocable Trust. Their typical benefit will be the careful investment and protection of the Trust by the Trustee.
South Valley Bank & Trust offers a wide variety of Trust and Estate services to assist you in ensuring your financial security.
By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
You can be assured that our Trust professionals are trained and understand that they are managing your estate. They are heavily regulated to carry out your wishes fully, giving you peace of mind.
The following services are offered through the South Valley Trust department. A full description of these services can be found at the top of the page:
Estate Planning and Consultation
Personal Representative of an Estate – Executor/Administrator
Living Trust – Revocable or Irrevocable
Testamentary Trust
Conservatorship
Property and Investment Management Agency
Custodial Account
Rollover IRA – Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
Free Trust and Estate Consultation
For a free consultation on Trust and Estate services, please contact the SVBT Trust Department.
Some investment products are offered through Trust Services:
Investment products offered by SVBT Trust Services are not a deposit, not FDIC-insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.
College/Career - Estate Planning
Trust Services South Valley Bank & Trust (SVBT), an Oregon banking corporation, is chartered to offer a full array of Trust services including Planning and Consultation, Trust and Estate Administration and IRA Services. By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
Some of our clients choose South Valley Bank & Trust's estate planning services because they want to set up a financial plan for their adult children or others. They want a professional with training and experience in investments and estate management to carry out their precise plan. Others simply want Trust services to make it easier for their loved ones, who may not be in the best position for managing an inheritance.
Whatever your reason, you can be assured that our Trust professionals are trained and understand that they are managing your estate. Part of that means they are highly-regulated to carry out your wishes fully and giving you peace of mind.
There is no fee for a consultation and no pressure to sign up for their services.
Trust Options
Estate Planning and Consultation
Personal Representative of an Estate-Executor/Administrator
Conservatorship
Living Trust - Revocable or Irrevocable
Testamentary Trust
Property and Investment Management Agency
Custodial Account
Rollover IRA - Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
1. Estate Planning and Consultation
Estate Planning is a service where South Valley works with the client and their attorney or other advisors, to analyze the client’s assets and financial interests and arrange a plan for conserving estate assets. This service generally leads to SVBT being named personal representative and/or Trustee under the plan. The purpose of the plan is to minimize estate and other taxes, assure the security of the client’s family, arrange for the continuity of his business, and provide for the disposition of assets according to the client’s wishes.
2. Personal Representative of an Estate - Executor/Administrator
Serving as personal representative or administrator is settling the estate of one who has died either leaving a Will (testate) or without a Will (intestate). South Valley may have been named in the decedent’s Will as the personal representative or executor of the estate. If the decedent names an individual as personal representative, that individual may have SVBT appointed as agent for the personal representative. If the deceased died intestate, the court may appoint SVBT as administrator of the estate. In each of these cases (whether as personal representative, agent for the personal representative, or administrator) South Valley makes an inventory of the assets of the estate, prepares a budget for the settlement of the estate, pays all taxes and claims against the estate, prepares a final accounting for the probate court, and makes the final distribution of the assets to the heir and beneficiaries.
3. Living Trust - Revocable or Irrevocable
A Living Trust is a Trust for which South Valley, as Trustee, usually assumes full management responsibility for the assets placed in Trust. Such a Trust may be revocable or irrevocable, and established for a variety of reasons. The Trustor may need professional or specialized investment management, may not have the skills necessary to manage his wealth, may not have the time to give to managing his investments, or may have other priorities. A Trust established for investment management provides financial protection in the event of incapacity and can be structured to avoid probate and obtain tax savings at the death of the Trustor.
4. Testamentary Trust
A Testamentary Trust is created under a Will. A person writing a Will may leave property directly to the beneficiaries or leave it in a Trust for them, a Testamentary Trust.
Testamentary Trusts are established to protect the family, save on taxes, and manage investments, businesses, and farms. Family protection includes preserving the family home, relieving survivors of the responsibility for managing investments and other property, and supplying income necessary to maintain the family’s standard of living. It also includes providing for the special needs of children and eliminating the need to appoint a custodian for the children. (A guardian of the person of minor children is required and this must be an individual, not South Valley.)
A Testamentary Trust enables a person who has been remarried and has children from a previous marriage to provide for the surviving spouse and ultimately channel assets to his or her own children. It is also a way to provide life-long care for children who are suffering from physical, emotional, or mental disabilities.
5. Conservatorship
A Conservatorship is a court-appointed arrangement for the financial protection of the estate of an incapacitated person. Conservatorships are established for individuals who are considered legally incapacitated and own property not otherwise protected, have business affairs that are jeopardized by their incapacity and need funds for support or education of themselves and or their dependents. Common instances of legal incapacity are minors and adults who are incapacitated by medical causes, effects of aging, mental illness, addiction to drugs or alcohol, or confinement. The Conservator’s responsibility is much like the responsibility involved in estate settlement; gathering the assets, filing an inventory with the court, managing the property in the client’s best interest, making a periodic accounting to the court, and terminating the Conservatorship and distributing property at the appropriate time.
6. Property and Investment Management Agency
An Agency Account is a service where South Valley provides management or advisory service as complete as the client requests. The property managed may be securities, real property (a house, rental buildings or a farm), or other property.
Where securities are managed, SVBT may conduct periodic reviews and analyses of the securities; make recommendations for keeping or selling present securities and purchasing new ones; providing advance notice of maturity of bonds or notes; preparing an annual information statement for income tax purposes and watching for advantageous opportunities related to the securities held. The amount of discretion exercised by SVBT varies with the relationship from full discretion (South Valley is free to buy, sell and exchange securities within the principal’s portfolio without the client’s consent) to simply making recommendations to the client about proposed investment changes.
As managing agent for real property, South Valley may obtain tenants, arrange and handle leases, collect rents, advise the client of needed repairs and take care of those repairs, and pay insurance premiums, taxes, interest on the mortgage, or other assessments. As with the managing agency for securities, the management agency for real property will have varying degrees of discretion assigned to South Valley.
7. Custodial Account
A Custodial Account is a service where SVBT, as custodian for the principal, not only oversees the property but also takes care of the routine administrative tasks associated with it. This includes receiving dividends and interest and disbursing or reinvesting them as the client instructs; collecting the principal on matured or called bonds, notifying the client of corporate actions affecting the property (bond calls, defaults, tender offers, class action suits); buying, selling, receiving or delivering securities at the client’s direction and providing a periodic statement of account activity (receipts and disbursements).
8. Rollover IRA - Self-Directed and Specialty Assets
Rollover IRA services are provided in a variety of circumstances, including for individuals receiving a large distribution (over $250,000) from their employer’s retirement plan. A direct rollover from the employer’s plan can prevent current taxability. Direct transfers from other IRAs may also be made. Rollover IRA service includes allowing self-direction of investments or full management. By maintaining an IRA, taxes on investment earnings as well as the capital rolled over are deferred until withdrawn. A wide range of investment opportunities such as stocks, bonds and mutual funds is available with this service. Additionally, South Valley is able to accept specialty assets into Rollover IRAs such as closely held stock, real property and notes secured by Deeds of Trust.
9. Charitable Gift or Portfolio Management
Charitable gifts may be made outright to the charity, as a part of a Will or estate plan, and through a variety of different charitable Trusts. South Valley Bank & Trust serves as Trustee for these gifts, managing, administering and disbursing them to assure that the charitable intent established by the donor under the pertinent gift agreement is adhered to in perpetuity. South Valley also serves as an investment agent for the charity itself to professionally manage and account for gift funds in its portfolio.
Trust Services Locations
Klamath Falls Trust Services
PO BOX 5210
801 Main Street
Klamath Falls, OR 97601 Phone: 877.487.8788 (toll-free) Fax: 541.880.5252
Medford Trust Services
PO BOX 1784
860 O'Hare Parkway, Suite 100
Medford, OR 97504 Phone: 800.695.0330 (toll-free) Fax: 541.779.1916
Please note: A Trust officer is available to clients in all areas, including Crook County, Deschutes County, Jackson County, Jefferson County, Klamath County and Lake County.
Guardianships and Conservatorships
In Oregon, guardians are appointed by the courts or by being named in a legal document. A guardian has custody of the protected person and may establish that person’s residence. Each state’s laws are different in regards to Guardianships & Conservatorships. Some states grant the authority over both the physical and financial well being of the protected person. Other states, like Oregon, separate the two obligations. For example, South Valley’s Trust department will only act as conservator and not guardian. South Valley will also not act as a health care representative under an advance directive. The guardian has a duty to provide care, comfort, maintenance, training, and/or education for the protected person.
Conservators are appointed by the court when a person becomes incapable of handling personal or business financial affairs and/or managing their property. When a Conservator is appointed they have a fiduciary duty to follow strict reporting and administrative guidelines.
The following links may be helpful:
Advance Directives
An Advance Directive is specific healthcare instructions given by individuals outlining what actions should be taken if they become ill or incapacitated. An Advance Directive should be developed while the individual is able to clearly communicate their thoughts and must be expressly the person's own free will. It does not affect routine care for cleanliness and comfort, which must be given whether or not there is an advance directive.
The following links may be helpful:
Trust and Estate Planning
Trusts can be established for minors by loved ones for support, education, or possibly from an insurance settlement. A Trust may be created for the purposes previously described, or may result from a loved one’s estate plan, i.e. from a Will, Living Trust, or Irrevocable Trust. Their typical benefit will be the careful investment and protection of the Trust by the Trustee.
South Valley Bank & Trust offers a wide variety of Trust and Estate Services to assist you in ensuring your financial security.
By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
You can be assured that our Trust professionals are trained and understand that they are managing your estate. They are heavily regulated to carry out your wishes fully, giving you peace of mind.
The following services are offered through the South Valley Trust department. A full description of these services can be found at the top of the page:
Estate Planning and Consultation
Personal Representative of an Estate – Executor/Administrator
Living Trust – Revocable or Irrevocable
Testamentary Trust
Conservatorship
Property and Investment Management Agency
Custodial Account
Rollover IRA – Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
Free Trust and Estate Consultation
For a free consultation on Trust and Estate services, please contact the SVBT Trust Department.
Some investment products are offered through Trust Services:
Investment products offered by SVBT Trust Services are not a deposit, not FDIC-insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.
Career/Young Family - Estate Planning
Trust Services South Valley Bank & Trust (SVBT), an Oregon banking corporation, is chartered to offer a full array of Trust services including Planning and Consultation, Trust and Estate Administration and IRA Services. By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
Some of our clients choose South Valley Bank & Trust's estate services because they desire to set up a financial plan for their adult children or others. They want a professional with training and experience in investments and managing an estate to carry out their precise plan. Others simply want Trust services to make it easier on their loved ones, who may not be the best position for managing an inheritance.
Whatever your reason, you can be assured that our Trust professionals are trained and understand that they are managing your estate. Part of that means they are highly-regulated to carry out your wishes fully and giving you peace of mind.
There is no fee for a consultation and no pressure to sign up for their services.
Trust Options
Estate Planning and Consultation
Personal Representative of an Estate-Executor/Administrator
Conservatorship
Living Trust - Revocable or Irrevocable
Testamentary Trust
Property and Investment Management Agency
Custodial Account
Rollover IRA - Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
1. Estate Planning and Consultation
Estate Planning is a service where South Valley works with the client and their attorney or other advisors, to analyze the client’s assets and financial interests and arrange a plan for conserving estate assets. This service generally leads to SVBT being named personal representative and/or Trustee under the plan. The purpose of the plan is to minimize estate and other taxes, assure the security of the client’s family, arrange for the continuity of his business, and provide for the disposition of assets according to the client’s wishes.
2. Personal Representative of an Estate - Executor/Administrator
Serving as personal representative or administrator is settling the estate of one who has died either leaving a Will (testate) or without a Will (intestate). South Valley may have been named in the decedent’s Will as the personal representative or executor of the estate. If the decedent names an individual as personal representative, that individual may have SVBT appointed as agent for the personal representative. If the deceased died intestate, the court may appoint SVBT as administrator of the estate. In each of these cases (whether as personal representative, agent for the personal representative, or administrator) South Valley makes an inventory of the assets of the estate, prepares a budget for the settlement of the estate, pays all taxes and claims against the estate, prepares a final accounting for the probate court, and makes the final distribution of the assets to the heir and beneficiaries.
3. Living Trust - Revocable or Irrevocable
A Living Trust is a Trust for which South Valley, as Trustee, usually assumes full management responsibility for the assets placed in Trust. Such a Trust may be revocable or irrevocable, and established for a variety of reasons. The Trustor may need professional or specialized investment management, may not have the skills necessary to manage his wealth, may not have the time to give to managing his investments, or may have other priorities. A Trust established for investment management provides financial protection in the event of incapacity and can be structured to avoid probate and obtain tax savings at the death of the Trustor.
4. Testamentary Trust
A Testamentary Trust is created under a Will. A person writing a Will may leave property directly to the beneficiaries or leave it in a Trust for them, a Testamentary Trust.
Testamentary Trusts are established to protect the family, save on taxes, and manage investments, businesses, and farms. Family protection includes preserving the family home, relieving survivors of the responsibility for managing investments and other property, and supplying income necessary to maintain the family’s standard of living. It also includes providing for the special needs of children and eliminating the need to appoint a custodian for the children. (A guardian of the person of minor children is required and this must be an individual, not South Valley.)
A Testamentary Trust enables a person who has been remarried and has children from a previous marriage to provide for the surviving spouse and ultimately channel assets to his or her own children. It is also a way to provide life-long care for children who are suffering from physical, emotional, or mental disabilities.
5. Conservatorship
A Conservatorship is a court-appointed arrangement for the financial protection of the estate of an incapacitated person. Conservatorships are established for individuals who are considered legally incapacitated and own property not otherwise protected, have business affairs that are jeopardized by their incapacity and need funds for support or education of themselves and or their dependents. Common instances of legal incapacity are minors and adults who are incapacitated by medical causes, effects of aging, mental illness, addiction to drugs or alcohol, or confinement. The Conservator’s responsibility is much like the responsibility involved in estate settlement; gathering the assets, filing an inventory with the court, managing the property in the client’s best interest, making a periodic accounting to the court, and terminating the Conservatorship and distributing property at the appropriate time.
6. Property and Investment Management Agency
An Agency Account is a service where South Valley provides management or advisory service as complete as the client requests. The property managed may be securities, real property (a house, rental buildings or a farm), or other property.
Where securities are managed, SVBT may conduct periodic reviews and analyses of the securities; make recommendations for keeping or selling present securities and purchasing new ones; providing advance notice of maturity of bonds or notes; preparing an annual information statement for income tax purposes and watching for advantageous opportunities related to the securities held. The amount of discretion exercised by SVBT varies with the relationship from full discretion (South Valley is free to buy, sell and exchange securities within the principal’s portfolio without the client’s consent) to simply making recommendations to the client about proposed investment changes.
As managing agent for real property, South Valley may obtain tenants, arrange and handle leases, collect rents, advise the client of needed repairs and take care of those repairs, and pay insurance premiums, taxes, interest on the mortgage, or other assessments. As with the managing agency for securities, the management agency for real property will have varying degrees of discretion assigned to South Valley.
7. Custodial Account
A Custodial Account is a service where SVBT, as custodian for the principal, not only oversees the property but also takes care of the routine administrative tasks associated with it. This includes receiving dividends and interest and disbursing or reinvesting them as the client instructs; collecting the principal on matured or called bonds, notifying the client of corporate actions affecting the property (bond calls, defaults, tender offers, class action suits); buying, selling, receiving or delivering securities at the client’s direction and providing a periodic statement of account activity (receipts and disbursements).
8. Rollover IRA - Self-Directed and Specialty Assets
Rollover IRA services are provided in a variety of circumstances, including for individuals receiving a large distribution (over $250,000) from their employer’s retirement plan. A direct rollover from the employer’s plan can prevent current taxability. Direct transfers from other IRAs may also be made. Rollover IRA service includes allowing self-direction of investments or full management. By maintaining an IRA, taxes on investment earnings as well as the capital rolled over are deferred until withdrawn. A wide range of investment opportunities such as stocks, bonds and mutual funds is available with this service. Additionally, South Valley is able to accept specialty assets into Rollover IRAs such as closely held stock, real property and notes secured by Deeds of Trust.
9. Charitable Gift or Portfolio Management
Charitable gifts may be made outright to the charity, as a part of a Will or estate plan, and through a variety of different charitable Trusts. South Valley Bank & Trust serves as Trustee for these gifts, managing, administering and disbursing them to assure that the charitable intent established by the donor under the pertinent gift agreement is adhered to in perpetuity. South Valley also serves as an investment agent for the charity itself to professionally manage and account for gift funds in its portfolio.
Trust Services Locations
Klamath Falls Trust Services
PO BOX 5210
801 Main Street
Klamath Falls, OR 97601 Phone: 877.487.8788 (toll-free) Fax: 541.880.5252
Medford Trust Services
PO BOX 1784
860 O'Hare Parkway, Suite 100
Medford, OR 97504
Phone: 800.695.0330 (toll-free)
Fax: 541.779.1916
Please note: A Trust officer is available to clients in all areas, including Crook County, Deschutes County, Jackson County, Jefferson County, Klamath County and Lake County.
Wills
A Will is a legal document which determines the following upon death:
Distribution of property
Designation of a guardian for minor children
Creation of a Trust and designation of a Trustee to oversee an estate
Designation of personal representative or “executor”
If a Will is not completed at the time of death, the state will determine resolution for the estate. For more information on the importance of Wills, visit the following websites.
Living Trusts
Revocable Living Trusts act much like a Will and perform many of the same functions. However, a Will is valid after being submitted to court for probate and a Trust is effective the day it is signed. People utilize Trusts to avoid a lengthy probate process required by the use of Wills, but Trusts can be complex and may not be the right option for everyone. For more information, visit the following websites:
Guardianships and Conservatorships
In Oregon, guardians are appointed by the courts or by being named in a legal document. A guardian has custody of the protected person and may establish that person’s residence. Each state’s laws are different in regards to Guardianships & Conservatorships. Some states grant the authority over both the physical and financial well being of the protected person. Other states, like Oregon, separate the two obligations. For example, South Valley’s Trust department will only act as Conservator and not guardian. South Valley will also not act as a health care representative under an advance directive. The guardian has a duty to provide care, comfort, maintenance, training, and/or education for the protected person.
Conservators are appointed by the court when a person becomes incapable of handling personal or business financial affairs and/or managing their property. When a Conservator is appointed they have a fiduciary duty to follow strict reporting and administrative guidelines.
The following links may be helpful:
Advance Directives
An Advance Directive is specific healthcare instructions given by individuals outlining what actions should be taken if they become ill or incapacitated. An Advance Directive should be developed while the individual is able to clearly communicate their thoughts and must be expressly the person's own free will. It does not affect routine care for cleanliness and comfort, which must be given whether or not there is an advance directive.
The following links may be helpful:
Trust and Estate Planning
Trusts can be established for minors by loved ones for support, education, or possibly from an insurance settlement. A Trust may be created for the purposes previously described, or may result from a loved one’s estate plan, i.e. from a Will, Living Trust, or Irrevocable Trust. Their typical benefit will be the careful investment and protection of the Trust by the Trustee.
South Valley Bank & Trust offers a wide variety of Trust and Estate Services to assist you in ensuring your financial security.
By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
You can be assured that our Trust professionals are trained and understand that they are managing your estate. They are heavily regulated to carry out your wishes fully, giving you peace of mind.
The following services are offered through the South Valley Trust Department. A full description of these services can be found at the top of the page:
Estate Planning and Consultation
Personal Representative of an Estate – Executor/Administrator
Living Trust – Revocable or Irrevocable
Testamentary Trust
Conservatorship
Property and Investment Management Agency
Custodial Account
Rollover IRA – Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
Free Trust and Estate Consultation
For a free consultation on Trust and Estate services, please contact the SVBT Trust Department.
Some investment products are offered through Trust Services:
Investment products offered by SVBT Trust Services are not a deposit, not FDIC-insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.
Career Family - Estate Planning
Trust Services South Valley Bank & Trust (SVBT), an Oregon banking corporation, is chartered to offer a full array of Trust services including Planning and Consultation, Trust and Estate Administration and IRA Services. By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
Some of our clients choose South Valley Bank & Trust's estate planning services because they want to set up a financial plan for their adult children or others. They want a professional with training and experience in investments and estate management to carry out their precise plan. Others simply want Trust services to make it easier for their loved ones, who may not be in the best position for managing an inheritance.
Whatever your reason, you can be assured that our Trust professionals are trained and understand that they are managing your estate. Part of that means they are highly-regulated to carry out your wishes fully and giving you peace of mind.
There is no fee for a consultation and no pressure to sign up for their services.
Trust Options
Estate Planning and Consultation
Personal Representative of an Estate-Executor/Administrator
Conservatorship
Living Trust - Revocable or Irrevocable
Testamentary Trust
Property and Investment Management Agency
Custodial Account
Rollover IRA - Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
1. Estate Planning and Consultation
Estate Planning is a service where South Valley works with the client and their attorney or other advisors, to analyze the client’s assets and financial interests and arrange a plan for conserving estate assets. This service generally leads to SVBT being named personal representative and/or Trustee under the plan. The purpose of the plan is to minimize estate and other taxes, assure the security of the client’s family, arrange for the continuity of his business, and provide for the disposition of assets according to the client’s wishes.
2. Personal Representative of an Estate - Executor/Administrator
Serving as personal representative or administrator is settling the estate of one who has died either leaving a Will (testate) or without a Will (intestate). South Valley may have been named in the decedent’s Will as the personal representative or executor of the estate. If the decedent names an individual as personal representative, that individual may have SVBT appointed as agent for the personal representative. If the deceased died intestate, the court may appoint SVBT as administrator of the estate. In each of these cases (whether as personal representative, agent for the personal representative, or administrator) South Valley makes an inventory of the assets of the estate, prepares a budget for the settlement of the estate, pays all taxes and claims against the estate, prepares a final accounting for the probate court, and makes the final distribution of the assets to the heir and beneficiaries.
3. Living Trust - Revocable or Irrevocable
A Living Trust is a Trust for which South Valley, as Trustee, usually assumes full management responsibility for the assets placed in Trust. Such a Trust may be revocable or irrevocable, and established for a variety of reasons. The Trustor may need professional or specialized investment management, may not have the skills necessary to manage his wealth, may not have the time to give to managing his investments, or may have other priorities. A Trust established for investment management provides financial protection in the event of incapacity and can be structured to avoid probate and obtain tax savings at the death of the Trustor.
4. Testamentary Trust
A Testamentary Trust is created under a Will. A person writing a Will may leave property directly to the beneficiaries or leave it in a Trust for them, a Testamentary Trust.
Testamentary Trusts are established to protect the family, save on taxes, and manage investments, businesses, and farms. Family protection includes preserving the family home, relieving survivors of the responsibility for managing investments and other property, and supplying income necessary to maintain the family’s standard of living. It also includes providing for the special needs of children and eliminating the need to appoint a custodian for the children. (A guardian of the person of minor children is required and this must be an individual, not South Valley.)
A Testamentary Trust enables a person who has been remarried and has children from a previous marriage to provide for the surviving spouse and ultimately channel assets to his or her own children. It is also a way to provide life-long care for children who are suffering from physical, emotional, or mental disabilities.
5. Conservatorship
A Conservatorship is a court-appointed arrangement for the financial protection of the estate of an incapacitated person. Conservatorships are established for individuals who are considered legally incapacitated and own property not otherwise protected, have business affairs that are jeopardized by their incapacity and need funds for support or education of themselves and or their dependents. Common instances of legal incapacity are minors and adults who are incapacitated by medical causes, effects of aging, mental illness, addiction to drugs or alcohol, or confinement. The Conservator’s responsibility is much like the responsibility involved in estate settlement; gathering the assets, filing an inventory with the court, managing the property in the client’s best interest, making a periodic accounting to the court, and terminating the Conservatorship and distributing property at the appropriate time.
6. Property and Investment Management Agency
An Agency Account is a service where South Valley provides management or advisory service as complete as the client requests. The property managed may be securities, real property (a house, rental buildings or a farm), or other property.
Where securities are managed, SVBT may conduct periodic reviews and analyses of the securities; make recommendations for keeping or selling present securities and purchasing new ones; providing advance notice of maturity of bonds or notes; preparing an annual information statement for income tax purposes and watching for advantageous opportunities related to the securities held. The amount of discretion exercised by SVBT varies with the relationship from full discretion (South Valley is free to buy, sell and exchange securities within the principal’s portfolio without the client’s consent) to simply making recommendations to the client about proposed investment changes.
As managing agent for real property, South Valley may obtain tenants, arrange and handle leases, collect rents, advise the client of needed repairs and take care of those repairs, and pay insurance premiums, taxes, interest on the mortgage, or other assessments. As with the managing agency for securities, the management agency for real property will have varying degrees of discretion assigned to South Valley.
7. Custodial Account
A Custodial Account is a service where SVBT, as custodian for the principal, not only oversees the property but also takes care of the routine administrative tasks associated with it. This includes receiving dividends and interest and disbursing or reinvesting them as the client instructs; collecting the principal on matured or called bonds, notifying the client of corporate actions affecting the property (bond calls, defaults, tender offers, class action suits); buying, selling, receiving or delivering securities at the client’s direction and providing a periodic statement of account activity (receipts and disbursements).
8. Rollover IRA - Self-Directed and Specialty Assets
Rollover IRA services are provided in a variety of circumstances, including for individuals receiving a large distribution (over $250,000) from their employer’s retirement plan. A direct rollover from the employer’s plan can prevent current taxability. Direct transfers from other IRAs may also be made. Rollover IRA service includes allowing self-direction of investments or full management. By maintaining an IRA, taxes on investment earnings as well as the capital rolled over are deferred until withdrawn. A wide range of investment opportunities such as stocks, bonds and mutual funds is available with this service. Additionally, South Valley is able to accept specialty assets into Rollover IRAs such as closely held stock, real property and notes secured by Deeds of Trust.
9. Charitable Gift or Portfolio Management
Charitable gifts may be made outright to the charity, as a part of a Will or estate plan, and through a variety of different charitable Trusts. South Valley Bank & Trust serves as Trustee for these gifts, managing, administering and disbursing them to assure that the charitable intent established by the donor under the pertinent gift agreement is adhered to in perpetuity. South Valley also serves as an investment agent for the charity itself to professionally manage and account for gift funds in its portfolio.
Trust Services Locations:
Klamath Falls Trust Services
PO BOX 5210
801 Main Street
Klamath Falls, OR 97601 Phone: 877.487.8788 (toll-free) Fax: 541.880.5252
Medford Trust Services
PO BOX 1784
860 O'Hare Parkway, Suite 100
Medford, OR 97504 Phone: 800.695.0330 (toll-free) Fax: 541.779.1916
Please note: A Trust officer is available to clients in all areas, including Crook County, Deschutes County, Jackson County, Jefferson County, Klamath County and Lake County.
Wills
A Will is a legal document determining the following actions upon death:
Distribution of property
Designation of a guardian for minor children
Creation of a Trust and designation of a Trustee to oversee an estate
Designation of personal representative or “executor”
If a Will is not completed at the time of death, the state will determine resolution for the estate. For more information on the importance of Wills, visit the following websites
Living Trusts
Revocable Living Trusts act much like a Will and perform many of the same functions. However, a Will is valid after being submitted to court for probate and a Trust is effective the day it is signed. People utilize Trusts to avoid a lengthy probate process required by the use of Wills, but Trusts can be complex and may not be the right option for everyone. For more information, visit the following websites:
Guardianships and Conservatorships
In Oregon, guardians are appointed by the courts or by being named in a legal document. A guardian has custody of the protected person and may establish that person’s residence. Each state’s laws are different in regards to Guardianships & Conservatorships. Some states grant the authority over both the physical and financial well being of the protected person. Other states, like Oregon, separate the two obligations. For example, South Valley’s Trust department will only act as conservator and not guardian. South Valley will also not act as a health care representative under an advance directive. The guardian has a duty to provide care, comfort, maintenance, training, and/or education for the protected person.
Conservators are appointed by the court when a person becomes incapable of handling personal or business financial affairs and/or managing their property. When a conservator is appointed they have a fiduciary duty to follow strict reporting and administrative guidelines.
The following links may be helpful:
Advance Directives
An Advance Directive is specific healthcare instructions given by individuals outlining what actions should be taken if they become ill or incapacitated. An Advance Directive should be developed while the individual is able to clearly communicate their thoughts and must be expressly the person's own free will. It does not affect routine care for cleanliness and comfort, which must be given whether or not there is an advance directive.
The following links may be helpful:
Trust and Estate Planning
Trusts can be established for minors by loved ones for support, education, or possibly from an insurance settlement. A Trust may be created for the purposes previously described, or may result from a loved one’s estate plan, i.e. from a Will, Living Trust, or Irrevocable Trust. Their typical benefit will be the careful investment and protection of the Trust by the Trustee.
South Valley Bank & Trust offers a wide variety of Trust and Estate Services to assist you in ensuring your financial security.
By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
You can be assured that our Trust professionals are trained and understand that they are managing your estate. They are heavily regulated to carry out your wishes fully, giving you peace of mind.
The following services are offered through the South Valley Trust Department. A full description of these services can be found at the top of the page:
Estate Planning and Consultation
Personal Representative of an Estate – Executor/Administrator
Living Trust – Revocable or Irrevocable
Testamentary Trust
Conservatorship
Property and Investment Management Agency
Custodial Account
Rollover IRA – Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
Free Trust and Estate Consultation
For a free consultation on Trust and estate services, please contact the SVBT Trust Department. Some investment products are offered through Trust Services:
Investment products offered by SVBT Trust Services are not a deposit, not FDIC-insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.
Pre-Retirement - Estate Planning
Trust Services South Valley Bank & Trust (SVBT), an Oregon banking corporation, is chartered to offer a full array of Trust services including Planning and Consultation, Trust and Estate Administration and IRA Services. By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
Some of our clients choose South Valley Bank & Trust's estate services because they desire to set up a financial plan for their adult children or others. They want a professional with training and experience in investments and managing an estate to carry out their precise plan. Others simply want Trust services to make it easier on their loved ones, who may not be the best position for managing an inheritance.
Whatever your reason, you can be assured that our Trust professionals are trained and understand that they are managing your estate. Part of that means they are highly-regulated to carry out your wishes fully and giving you peace of mind.
There is no fee for a consultation and no pressure to sign up for their services.
Trust Options
Estate Planning and Consultation
Personal Representative of an Estate-Executor/Administrator
Conservatorship
Living Trust - Revocable or Irrevocable
Testamentary Trust
Property and Investment Management Agency
Custodial Account
Rollover IRA - Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
1. Estate Planning and Consultation
Estate Planning is a service where South Valley works with the client and their attorney or other advisors, to analyze the client’s assets and financial interests and arrange a plan for conserving estate assets. This service generally leads to SVBT being named personal representative and/or Trustee under the plan. The purpose of the plan is to minimize estate and other taxes, assure the security of the client’s family, arrange for the continuity of his business, and provide for the disposition of assets according to the client’s wishes.
2. Personal Representative of an Estate - Executor/Administrator
Serving as personal representative or administrator is settling the estate of one who has died either leaving a Will (testate) or without a Will (intestate). South Valley may have been named in the decedent’s Will as the personal representative or executor of the estate. If the decedent names an individual as personal representative, that individual may have SVBT appointed as agent for the personal representative. If the deceased died intestate, the court may appoint SVBT as administrator of the estate. In each of these cases (whether as personal representative, agent for the personal representative, or administrator) South Valley makes an inventory of the assets of the estate, prepares a budget for the settlement of the estate, pays all taxes and claims against the estate, prepares a final accounting for the probate court, and makes the final distribution of the assets to the heir and beneficiaries.
3. Living Trust - Revocable or Irrevocable
A Living Trust is a Trust for which South Valley, as Trustee, usually assumes full management responsibility for the assets placed in rust. Such a Trust may be revocable or irrevocable, and established for a variety of reasons. The Trustor may need professional or specialized investment management, may not have the skills necessary to manage his wealth, may not have the time to give to managing his investments, or may have other priorities. A Trust established for investment management provides financial protection in the event of incapacity and can be structured to avoid probate and obtain tax savings at the death of the trustor.
4. Testamentary Trust
A Testamentary Trust is created under a Will. A person writing a Will may leave property directly to the beneficiaries or leave it in a Trust for them, a Testamentary Trust.
Testamentary Trusts are established to protect the family, save on taxes, and manage investments, businesses, and farms. Family protection includes preserving the family home, relieving survivors of the responsibility for managing investments and other property, and supplying income necessary to maintain the family’s standard of living. It also includes providing for the special needs of children and eliminating the need to appoint a custodian for the children. (A guardian of the person of minor children is required and this must be an individual, not South Valley.)
A Testamentary Trust enables a person who has been remarried and has children from a previous marriage to provide for the surviving spouse and ultimately channel assets to his or her own children. It is also a way to provide life-long care for children who are suffering from physical, emotional, or mental disabilities.
5. Conservatorship
A Conservatorship is a court-appointed arrangement for the financial protection of the estate of an incapacitated person. Conservatorships are established for individuals who are considered legally incapacitated and own property not otherwise protected, have business affairs that are jeopardized by their incapacity and need funds for support or education of themselves and or their dependents. Common instances of legal incapacity are minors and adults who are incapacitated by medical causes, effects of aging, mental illness, addiction to drugs or alcohol, or confinement. The Conservator’s responsibility is much like the responsibility involved in estate settlement; gathering the assets, filing an inventory with the court, managing the property in the client’s best interest, making a periodic accounting to the court, and terminating the Conservatorship and distributing property at the appropriate time.
6. Property and Investment Management Agency
An Agency Account is a service where South Valley provides management or advisory service as complete as the client requests. The property managed may be securities, real property (a house, rental buildings or a farm), or other property.
Where securities are managed, SVBT may conduct periodic reviews and analyses of the securities; make recommendations for keeping or selling present securities and purchasing new ones; providing advance notice of maturity of bonds or notes; preparing an annual information statement for income tax purposes and watching for advantageous opportunities related to the securities held. The amount of discretion exercised by SVBT varies with the relationship from full discretion (South Valley is free to buy, sell and exchange securities within the principal’s portfolio without the client’s consent) to simply making recommendations to the client about proposed investment changes.
As managing agent for real property, South Valley may obtain tenants, arrange and handle leases, collect rents, advise the client of needed repairs and take care of those repairs, and pay insurance premiums, taxes, interest on the mortgage, or other assessments. As with the managing agency for securities, the management agency for real property will have varying degrees of discretion assigned to South Valley.
7. Custodial Account
A Custodial Account is a service where SVBT, as custodian for the principal, not only oversees the property but also takes care of the routine administrative tasks associated with it. This includes receiving dividends and interest and disbursing or reinvesting them as the client instructs; collecting the principal on matured or called bonds, notifying the client of corporate actions affecting the property (bond calls, defaults, tender offers, class action suits); buying, selling, receiving or delivering securities at the client’s direction and providing a periodic statement of account activity (receipts and disbursements).
8. Rollover IRA - Self-Directed and Specialty Assets
Rollover IRA services are provided in a variety of circumstances, including for individuals receiving a large distribution (over $250,000) from their employer’s retirement plan. A direct rollover from the employer’s plan can prevent current taxability. Direct transfers from other IRAs may also be made. Rollover IRA service includes allowing self-direction of investments or full management. By maintaining an IRA, taxes on investment earnings as well as the capital rolled over are deferred until withdrawn. A wide range of investment opportunities such as stocks, bonds and mutual funds is available with this service. Additionally, South Valley is able to accept specialty assets into Rollover IRAs such as closely held stock, real property and notes secured by Deeds of Trust.
9. Charitable Gift or Portfolio Management
Charitable gifts may be made outright to the charity, as a part of a Will or estate plan, and through a variety of different charitable Trusts. South Valley Bank & Trust serves as Trustee for these gifts, managing, administering and disbursing them to assure that the charitable intent established by the donor under the pertinent gift agreement is adhered to in perpetuity. South Valley also serves as an investment agent for the charity itself to professionally manage and account for gift funds in its portfolio.
Trust Services Locations:
Klamath Falls Trust Services
PO BOX 5210
801 Main Street
Klamath Falls, OR 97601 Phone: 877.487.8788 (toll-free) Fax: 541.880.5252
Medford Trust Services
PO BOX 1784
860 O'Hare Parkway, Suite 100
Medford, OR 97504 Phone: 800.695.0330 (toll-free) Fax: 541.779.1916
Please note: A Trust officer is available to clients in all areas, including Crook County, Deschutes County, Jackson County, Jefferson County, Klamath County and Lake County.
Wills
A Will is a legal document determining the following actions upon death:
Distribution of property
Designation of a guardian for minor children
Creation of a Trust and designation of a Trustee to oversee an estate
Designation of personal representative or “executor”
If a Will is not completed at the time of death, the state will determine resolution for the estate. For more information on the importance of Wills, visit the following websites
Living Trusts
Revocable Living Trusts act much like a Will and perform many of the same functions. However, a Will is valid after being submitted to court for probate and a Trust is effective the day it is signed. People utilize Trusts to avoid a lengthy probate process required by the use of Wills, but Trusts can be complex and may not be the right option for everyone. For more information, visit the following websites:
Guardianships and Conservatorships
In Oregon, guardians are appointed by the courts or by being named in a legal document. A guardian has custody of the protected person and may establish that person’s residence. Each state’s laws are different in regards to Guardianships & Conservatorships. Some states grant the authority over both the physical and financial well being of the protected person. Other states, like Oregon, separate the two obligations. For example, South Valley’s Trust department will only act as conservator and not guardian. South Valley will also not act as a health care representative under an advance directive. The guardian has a duty to provide care, comfort, maintenance, training, and/or education for the protected person.
Conservators are appointed by the court when a person becomes incapable of handling personal or business financial affairs and/or managing their property. When a conservator is appointed they have a fiduciary duty to follow strict reporting and administrative guidelines.
The following links may be helpful:
Advance Directives
An Advance Directive is specific healthcare instructions given by individuals outlining what actions should be taken if they become ill or incapacitated. An Advance Directive should be developed while the individual is able to clearly communicate their thoughts and must be expressly the person's own free will. It does not affect routine care for cleanliness and comfort, which must be given whether or not there is an advance directive.
The following links may be helpful:
Trust and Estate Planning
South Valley Bank & Trust offers a wide variety of Trust and Estate Services to assist you in ensuring your financial security.
By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
You can be assured that our Trust professionals are trained and understand that they are managing your estate. They are heavily regulated to carry out your wishes fully, giving you peace of mind.
The following services are offered through the South Valley Trust Department. Please see a full description of each at the top of this document:
Estate Planning and Consultation
Personal Representative of an Estate – Executor/Administrator
Living Trust – Revocable or Irrevocable
Testamentary Trust
Conservatorship
Property and Investment Management Agency
Custodial Account
Rollover IRA – Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
Free Trust and Estate Consultation
For a free consultation on Trust and Estate services, please contact the SVBT Trust Department.
Some investment products are offered through Trust Services:
Investment products offered by SVBT Trust Services are not a deposit, not FDIC-insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.
Active Seniors - Estate Planning
Trust Services South Valley Bank & Trust (SVBT), an Oregon banking corporation, is chartered to offer a full array of Trust services including Planning and Consultation, Trust and Estate Administration and IRA Services. By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
Some of our clients choose South Valley Bank & Trust's estate services because they desire to set up a financial plan for their adult children or others. They want a professional with training and experience in investments and managing an estate to carry out their precise plan. Others simply want Trust services to make it easier on their loved ones, who may not be the best position for managing an inheritance.
Whatever your reason, you can be assured that our Trust professionals are trained and understand that they are managing your estate. Part of that means they are highly-regulated to carry out your wishes fully and giving you peace of mind.
There is no fee for a consultation and no pressure to sign up for their services.
Trust Options
Estate Planning and Consultation
Personal Representative of an Estate-Executor/Administrator
Conservatorship
Living Trust - Revocable or Irrevocable
Testamentary Trust
Property and Investment Management Agency
Custodial Account
Rollover IRA - Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
1. Estate Planning and Consultation
Estate Planning is a service where South Valley works with the client and their attorney or other advisors, to analyze the client’s assets and financial interests and arrange a plan for conserving estate assets. This service generally leads to SVBT being named personal representative and/or Trustee under the plan. The purpose of the plan is to minimize estate and other taxes, assure the security of the client’s family, arrange for the continuity of his business, and provide for the disposition of assets according to the client’s wishes.
2. Personal Representative of an Estate - Executor/Administrator
Serving as personal representative or administrator is settling the estate of one who has died either leaving a Will (testate) or without a Will (intestate). South Valley may have been named in the decedent’s Will as the personal representative or executor of the estate. If the decedent names an individual as personal representative, that individual may have SVBT appointed as agent for the personal representative. If the deceased died intestate, the court may appoint SVBT as administrator of the estate. In each of these cases (whether as personal representative, agent for the personal representative, or administrator) South Valley makes an inventory of the assets of the estate, prepares a budget for the settlement of the estate, pays all taxes and claims against the estate, prepares a final accounting for the probate court, and makes the final distribution of the assets to the heir and beneficiaries.
3. Living Trust - Revocable or Irrevocable
A Living Trust is a Trust for which South Valley, as Trustee, usually assumes full management responsibility for the assets placed in Trust. Such a Trust may be revocable or irrevocable, and established for a variety of reasons. The Trustor may need professional or specialized investment management, may not have the skills necessary to manage his wealth, may not have the time to give to managing his investments, or may have other priorities. A Trust established for investment management provides financial protection in the event of incapacity and can be structured to avoid probate and obtain tax savings at the death of the Trustor.
4. Testamentary Trust
A Testamentary Trust is created under a Will. A person writing a Will may leave property directly to the beneficiaries or leave it in a Trust for them, a Testamentary Trust.
Testamentary Trusts are established to protect the family, save on taxes, and manage investments, businesses, and farms. Family protection includes preserving the family home, relieving survivors of the responsibility for managing investments and other property, and supplying income necessary to maintain the family’s standard of living. It also includes providing for the special needs of children and eliminating the need to appoint a custodian for the children. (A guardian of the person of minor children is required and this must be an individual, not South Valley.)
A Testamentary Trust enables a person who has been remarried and has children from a previous marriage to provide for the surviving spouse and ultimately channel assets to his or her own children. It is also a way to provide life-long care for children who are suffering from physical, emotional, or mental disabilities.
5. Conservatorship
A Conservatorship is a court-appointed arrangement for the financial protection of the estate of an incapacitated person. Conservatorships are established for individuals who are considered legally incapacitated and own property not otherwise protected, have business affairs that are jeopardized by their incapacity and need funds for support or education of themselves and or their dependents. Common instances of legal incapacity are minors and adults who are incapacitated by medical causes, effects of aging, mental illness, addiction to drugs or alcohol, or confinement. The Conservator’s responsibility is much like the responsibility involved in estate settlement; gathering the assets, filing an inventory with the court, managing the property in the client’s best interest, making a periodic accounting to the court, and terminating the Conservatorship and distributing property at the appropriate time.
6. Property and Investment Management Agency
An Agency Account is a service where South Valley provides management or advisory service as complete as the client requests. The property managed may be securities, real property (a house, rental buildings or a farm), or other property.
Where securities are managed, SVBT may conduct periodic reviews and analyses of the securities; make recommendations for keeping or selling present securities and purchasing new ones; providing advance notice of maturity of bonds or notes; preparing an annual information statement for income tax purposes and watching for advantageous opportunities related to the securities held. The amount of discretion exercised by SVBT varies with the relationship from full discretion (South Valley is free to buy, sell and exchange securities within the principal’s portfolio without the client’s consent) to simply making recommendations to the client about proposed investment changes.
As managing agent for real property, South Valley may obtain tenants, arrange and handle leases, collect rents, advise the client of needed repairs and take care of those repairs, and pay insurance premiums, taxes, interest on the mortgage, or other assessments. As with the managing agency for securities, the management agency for real property will have varying degrees of discretion assigned to South Valley.
7. Custodial Account
A Custodial Account is a service where SVBT, as custodian for the principal, not only oversees the property but also takes care of the routine administrative tasks associated with it. This includes receiving dividends and interest and disbursing or reinvesting them as the client instructs; collecting the principal on matured or called bonds, notifying the client of corporate actions affecting the property (bond calls, defaults, tender offers, class action suits); buying, selling, receiving or delivering securities at the client’s direction and providing a periodic statement of account activity (receipts and disbursements).
8. Rollover IRA - Self-Directed and Specialty Assets
Rollover IRA services are provided in a variety of circumstances, including for individuals receiving a large distribution (over $250,000) from their employer’s retirement plan. A direct rollover from the employer’s plan can prevent current taxability. Direct transfers from other IRAs may also be made. Rollover IRA service includes allowing self-direction of investments or full management. By maintaining an IRA, taxes on investment earnings as well as the capital rolled over are deferred until withdrawn. A wide range of investment opportunities such as stocks, bonds and mutual funds is available with this service. Additionally, South Valley is able to accept specialty assets into Rollover IRAs such as closely held stock, real property and notes secured by Deeds of Trust.
9. Charitable Gift or Portfolio Management
Charitable gifts may be made outright to the charity, as a part of a Will or estate plan, and through a variety of different charitable Trusts. South Valley Bank & Trust serves as Trustee for these gifts, managing, administering and disbursing them to assure that the charitable intent established by the donor under the pertinent gift agreement is adhered to in perpetuity. South Valley also serves as an investment agent for the charity itself to professionally manage and account for gift funds in its portfolio.
Trust Services Locations:
Klamath Falls Trust Services
PO BOX 5210
801 Main Street
Klamath Falls, OR 97601 Phone: 877.487.8788 (toll-free) Fax: 541.880.5252
Medford Trust Services
PO BOX 1784
860 O'Hare Parkway, Suite 100
Medford, OR 97504 Phone: 800.695.0330 (toll-free) Fax: 541.779.1916
Please note: A Trust officer is available to clients in all areas, including Crook County, Deschutes County, Jackson County, Jefferson County, Klamath County and Lake County.
Trust and Estate Planning
South Valley Bank & Trust offers a wide variety of Trust and Estate services to assist you in ensuring your financial security.
By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
You can be assured that our Trust professionals are trained and understand that they are managing your estate. They are heavily regulated to carry out your wishes fully, giving you peace of mind.
The following services are offered through the South Valley Trust department. Please see a full description of each at the top of this document:
Estate Planning and Consultation
Personal Representative of an Estate – Executor/Administrator
Living Trust – Revocable or Irrevocable
Testamentary Trust
Conservatorship
Property and Investment Management Agency
Custodial Account
Rollover IRA – Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
Free Trust and Estate Consultation
For a free consultation on Trust and Estate services, please contact the SVBT Trust Department.
Wills
A Will is a legal document determining the following actions upon death:
Distribution of property
Designation of a guardian for minor children
Creation of a Trust and designation of a Trustee to oversee an estate
Designation of personal representative or “executor”
If a Will is not completed at the time of death, the state will determine resolution for the estate. For more information on the importance of Wills, visit the following websites:
Living Trusts
Revocable Living Trusts act much like a Will and perform many of the same functions. However, a Will is valid after being submitted to court for probate and a Trust is effective the day it is signed. People utilize Trusts to avoid a lengthy probate process required by the use of Wills, but Trusts can be complex and may not be the right option for everyone. For more information, visit the following websites:
Guardianships and Conservatorships In Oregon, guardians are appointed by the courts or by being named in a legal document. A guardian has custody of the protected person and may establish that person’s residence. Each state’s laws are different in regards to Guardianships & Conservatorships. Some states grant the authority over both the physical and financial well being of the protected person. Other states, like Oregon, separate the two obligations. For example, South Valley’s Trust department will only act as conservator and not guardian. South Valley will also not act as a health care representative under an advance directive. The guardian has a duty to provide care, comfort, maintenance, training, and/or education for the protected person.
Conservators are appointed by the court when a person becomes incapable of handling personal or business financial affairs and/or managing their property. When a conservator is appointed they have a fiduciary duty to follow strict reporting and administrative guidelines.
The following links may be helpful:
Advance Directives
An Advance Directive is specific healthcare instructions given by individuals outlining what actions should be taken if they become ill or incapacitated. An Advance Directive should be developed while the individual is able to clearly communicate their thoughts and must be expressly the person's own free will. It does not affect routine care for cleanliness and comfort, which must be given whether or not there is an advance directive.
The following links may be helpful:
Some investment products are offered through Trust Services:
Investment products offered by SVBT Trust Services are not a deposit, not FDIC-insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.
Golden Years - Estate Planning
Trust Services South Valley Bank & Trust (SVBT), an Oregon banking corporation, is chartered to offer a full array of Trust services including Planning and Consultation, Trust and Estate Administration and IRA Services. By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
Some of our clients choose South Valley Bank & Trust's estate services because they desire to set up a financial plan for their adult children or others. They want a professional with training and experience in investments and managing an estate to carry out their precise plan. Others simply want Trust services to make it easier on their loved ones, who may not be the best position for managing an inheritance.
Whatever your reason, you can be assured that our Trust professionals are trained and understand that they are managing your estate. Part of that means they are highly-regulated to carry out your wishes fully and giving you peace of mind.
There is no fee for a consultation and no pressure to sign up for their services.
Trust Options
Estate Planning and Consultation
Personal Representative of an Estate-Executor/Administrator
Conservatorship
Living Trust - Revocable or Irrevocable
Testamentary Trust
Property and Investment Management Agency
Custodial Account
Rollover IRA - Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
1. Estate Planning and Consultation
Estate Planning is a service where South Valley works with the client and their attorney or other advisors, to analyze the client’s assets and financial interests and arrange a plan for conserving estate assets. This service generally leads to SVBT being named personal representative and/or Trustee under the plan. The purpose of the plan is to minimize estate and other taxes, assure the security of the client’s family, arrange for the continuity of his business, and provide for the disposition of assets according to the client’s wishes.
2. Personal Representative of an Estate - Executor/Administrator
Serving as personal representative or administrator is settling the estate of one who has died either leaving a Will (testate) or without a Will (intestate). South Valley may have been named in the decedent’s Will as the personal representative or executor of the estate. If the decedent names an individual as personal representative, that individual may have SVBT appointed as agent for the personal representative. If the deceased died intestate, the court may appoint SVBT as administrator of the estate. In each of these cases (whether as personal representative, agent for the personal representative, or administrator) South Valley makes an inventory of the assets of the estate, prepares a budget for the settlement of the estate, pays all taxes and claims against the estate, prepares a final accounting for the probate court, and makes the final distribution of the assets to the heir and beneficiaries.
3. Living Trust - Revocable or Irrevocable
A Living Trust is a Trust for which South Valley, as Trustee, usually assumes full management responsibility for the assets placed in Trust. Such a Trust may be revocable or irrevocable, and established for a variety of reasons. The Trustor may need professional or specialized investment management, may not have the skills necessary to manage his wealth, may not have the time to give to managing his investments, or may have other priorities. A Trust established for investment management provides financial protection in the event of incapacity and can be structured to avoid probate and obtain tax savings at the death of the Trustor.
4. Testamentary Trust
A Testamentary Trust is created under a Will. A person writing a Will may leave property directly to the beneficiaries or leave it in a Trust for them, a Testamentary Trust.
Testamentary Trusts are established to protect the family, save on taxes, and manage investments, businesses, and farms. Family protection includes preserving the family home, relieving survivors of the responsibility for managing investments and other property, and supplying income necessary to maintain the family’s standard of living. It also includes providing for the special needs of children and eliminating the need to appoint a custodian for the children. (A guardian of the person of minor children is required and this must be an individual, not South Valley.)
A Testamentary Trust enables a person who has been remarried and has children from a previous marriage to provide for the surviving spouse and ultimately channel assets to his or her own children. It is also a way to provide life-long care for children who are suffering from physical, emotional, or mental disabilities.
5. Conservatorship
A Conservatorship is a court-appointed arrangement for the financial protection of the estate of an incapacitated person. Conservatorships are established for individuals who are considered legally incapacitated and own property not otherwise protected, have business affairs that are jeopardized by their incapacity and need funds for support or education of themselves and or their dependents. Common instances of legal incapacity are minors and adults who are incapacitated by medical causes, effects of aging, mental illness, addiction to drugs or alcohol, or confinement. The Conservator’s responsibility is much like the responsibility involved in estate settlement; gathering the assets, filing an inventory with the court, managing the property in the client’s best interest, making a periodic accounting to the court, and terminating the Conservatorship and distributing property at the appropriate time.
6. Property and Investment Management Agency
An Agency Account is a service where South Valley provides management or advisory service as complete as the client requests. The property managed may be securities, real property (a house, rental buildings or a farm), or other property.
Where securities are managed, SVBT may conduct periodic reviews and analyses of the securities; make recommendations for keeping or selling present securities and purchasing new ones; providing advance notice of maturity of bonds or notes; preparing an annual information statement for income tax purposes and watching for advantageous opportunities related to the securities held. The amount of discretion exercised by SVBT varies with the relationship from full discretion (South Valley is free to buy, sell and exchange securities within the principal’s portfolio without the client’s consent) to simply making recommendations to the client about proposed investment changes.
As managing agent for real property, South Valley may obtain tenants, arrange and handle leases, collect rents, advise the client of needed repairs and take care of those repairs, and pay insurance premiums, taxes, interest on the mortgage, or other assessments. As with the managing agency for securities, the management agency for real property will have varying degrees of discretion assigned to South Valley.
7. Custodial Account
A Custodial Account is a service where SVBT, as custodian for the principal, not only oversees the property but also takes care of the routine administrative tasks associated with it. This includes receiving dividends and interest and disbursing or reinvesting them as the client instructs; collecting the principal on matured or called bonds, notifying the client of corporate actions affecting the property (bond calls, defaults, tender offers, class action suits); buying, selling, receiving or delivering securities at the client’s direction and providing a periodic statement of account activity (receipts and disbursements).
8. Rollover IRA - Self-Directed and Specialty Assets
Rollover IRA services are provided in a variety of circumstances, including for individuals receiving a large distribution (over $250,000) from their employer’s retirement plan. A direct rollover from the employer’s plan can prevent current taxability. Direct transfers from other IRAs may also be made. Rollover IRA service includes allowing self-direction of investments or full management. By maintaining an IRA, taxes on investment earnings as well as the capital rolled over are deferred until withdrawn. A wide range of investment opportunities such as stocks, bonds and mutual funds is available with this service. Additionally, South Valley is able to accept specialty assets into Rollover IRAs such as closely held stock, real property and notes secured by Deeds of Trust.
9. Charitable Gift or Portfolio Management
Charitable gifts may be made outright to the charity, as a part of a Will or estate plan, and through a variety of different charitable Trusts. South Valley Bank & Trust serves as Trustee for these gifts, managing, administering and disbursing them to assure that the charitable intent established by the donor under the pertinent gift agreement is adhered to in perpetuity. South Valley also serves as an investment agent for the charity itself to professionally manage and account for gift funds in its portfolio.
Trust Services Locations:
Klamath Falls Trust Services
PO BOX 5210
801 Main Street
Klamath Falls, OR 97601 Phone: 877.487.8788 (toll-free) Fax: 541.880.5252
Medford Trust Services
PO BOX 1784
860 O'Hare Parkway, Suite 100
Medford, OR 97504 Phone: 800.695.0330 (toll-free) Fax: 541.779.1916
Please note: A Trust officer is available to clients in all areas, including Crook County, Deschutes County, Jackson County, Jefferson County, Klamath County and Lake County.
Trust and Estate Planning
South Valley Bank & Trust offers a wide variety of Trust and Estate Services to assist you in ensuring your financial security.
By working with you, and if you wish, your advisors, our Trust officers can help develop your estate plan to insure that your wishes are fully addressed and your estate is fully protected.
You can be assured that our Trust professionals are trained and understand that they are managing your estate. They are heavily regulated to carry out your wishes fully, giving you peace of mind.
The following services are offered through the South Valley Trust department. Please see a full description of each at the top of this document:
Estate Planning and Consultation
Personal Representative of an Estate – Executor/Administrator
Living Trust – Revocable or Irrevocable
Testamentary Trust
Conservatorship
Property and Investment Management Agency
Custodial Account
Rollover IRA – Self-Directed and Specialty Assets
Charitable Gift or Portfolio Management
Free Trust and Estate Consultation
For a free consultation on Trust and Estate services, please contact the SVBT Trust Department.
Wills
A Will is a legal document determining the following actions upon death:
Distribution of property
Designation of a guardian for minor children
Creation of a Trust and designation of a Trustee to oversee an estate
Designation of personal representative or “executor”
If a Will is not completed at the time of death, the state will determine resolution for the estate. For more information on the importance of Wills, visit the following websites:
Living Trusts
Revocable Living Trusts act much like a Will and perform many of the same functions. However, a Will is valid after being submitted to court for probate and a Trust is effective the day it is signed. People utilize Trusts to avoid a lengthy probate process required by the use of Wills, but Trusts can be complex and may not be the right option for everyone. For more information, visit the following websites:
Guardianships and Conservatorships In Oregon, guardians are appointed by the courts or by being named in a legal document. A guardian has custody of the protected person and may establish that person’s residence. Each state’s laws are different in regards to Guardianships & Conservatorships. Some states grant the authority over both the physical and financial well being of the protected person. Other states, like Oregon, separate the two obligations. For example, South Valley’s Trust department will only act as conservator and not guardian. South Valley will also not act as a health care representative under an advance directive. The guardian has a duty to provide care, comfort, maintenance, training, and/or education for the protected person.
Conservators are appointed by the court when a person becomes incapable of handling personal or business financial affairs and/or managing their property. When a conservator is appointed they have a fiduciary duty to follow strict reporting and administrative guidelines.
The following links may be helpful:
Advance Directives
An Advance Directive is specific healthcare instructions given by individuals outlining what actions should be taken if they become ill or incapacitated. An Advance Directive should be developed while the individual is able to clearly communicate their thoughts and must be expressly the person's own free will. It does not affect routine care for cleanliness and comfort, which must be given whether or not there is an advance directive.
Some investment products are offered through Trust Services:
Investment products offered by SVBT Trust Services are not a deposit, not FDIC-insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.
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