Trust Services

Trusts can play an important role in your overall financial plan, and you should feel confident that your trust is executed how you envisioned it.

Safekeeping your assets today and for generations to come.

We partner with an administrative trustee who performs the following tasks:

  • Collect and distribute income
  • Safeguard trust assets
  • Provide record keeping
  • Provide bill payment services at an additional cost
  • Produce required tax reporting
  • Provide for the administration and disposition of trust assets as directed by the governing document
  • Provide principal and income accounting for the trust

Estate Planning & Trustee Seminar

Learn about the seven key estate planning documents you should have and what you need to know about a trusteeship. Hear from executives at First Covenant Trust who partner with Parsec to provide Parsec clients with corporate trusteeship.

Latest Thought Leadership

Do You Need a Corporate Trustee?

Parsec has entered a strategic partnership with First Covenant Trust and Advisors LLC to offer you a full range of trust solutions while maintaining the relationship and investment advice you have built with Parsec. You don’t want to leave your loved ones with a call center to handle your estate. Instead, enable them to benefit from a boutique, high-service relationship with an assigned trust officer who personally knows you, your intentions and your family.

Read More »

7 Reasons to Consider a Prenup

There is nothing that can kill the romance of upcoming nuptials more quickly than your partner asking you to sign a prenuptial agreement (aka prenup). But do you know what can really kill the romance? Divorce!

Read More »

IRA Beneficiaries: Per Stirpes vs. Per Capita

Did you know that your IRA beneficiary supersedes your will? No matter how carefully you’ve crafted your last intentions in your will, an IRA beneficiary that was never updated after your divorce and remarriage can unwittingly bestow your former spouse with your IRA inheritance, while also disinheriting your new spouse and children. That’s why it’s important to update your beneficiaries after major life changes such as marriage, divorce, births, illness, domestic issues and deaths.

Read More »

Do You Need an Estate Plan?

I’m often asked this question: “With the federal estate tax exemption amounts being so high, do I really need an estate plan?” The answer I give is “Absolutely yes!”

Read More »

Three Small-Business Transfer Strategies

Throughout my career at Parsec, I have had the opportunity to join our founder, Bart Boyer, at several client appreciation dinners. During these events, Bart would famously review the current economic environment and discuss how to build long-term generational wealth. Without fail, he always reminded clients that “there are only two ways to build wealth:

Read More »

Taxation of Inherited IRA Assets

If you have recently inherited an IRA, may receive an inherited IRA in your future or are passing along your IRA to beneficiaries, it is important for you to be aware of the taxation of inherited IRA assets. Specifically, IRS requires you to take required minimum distributions (RMDs) from an inherited IRA. Since IRA accounts are typically funded with all — or almost all — pretax funds, every distribution from an IRA is taxed as ordinary income and can have a considerable effect on your tax liability. There have always been rules to require taxpayers to take these distributions and pay tax on them, but these rules have changed significantly in the last couple of years.

Read More »

Types, Features and Taxation of Trusts

The areas of trust planning and trust creation are vast and limited only by the imagination of the trust-makers, their attorney and the law. Trusts can be written and created to include a wide variety of features and accomplish many goals. So, while there may be a general form to certain commonly used trusts, no two trusts are ever the same. Somewhat like fingerprints, trusts are unique to each individual.

Read More »

Speak With One Of Our Financial Advisors Today!

Using Our 40+ Years of Excellence to Help You Thrive

Get in touch with a Parsec Financial representative at an office near you.

Scroll to Top

Not a Client But want to receive updates?

Please sign up to join our mailing list and receive our latest news, thought leadership content and invitations to upcoming webinars.