BancorpSouth and Cadence Bank have come together. Here's what you need to know: BancorpSouth customers / Cadence customers
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Court-Created & Special Needs Trusts Services

Learn how our team of dedicated trust specialists can help manage your court-created and special needs trusts.

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At Cadence Bank, we provide an experienced, caring and personal approach to the management of inherited assets, settlement proceeds and judgment awards for the benefit of minors and other incapacitated individuals.

 

Court-Created Trusts

The Cadence Asset Management and Trust team is comprised of dedicated professionals who are experienced in counseling beneficiaries, guardians and family members on the administration of court-created trusts.

When you work with Cadence Bank for your court-created trusts, you’ll benefit from:

  • The flexibility to make adjustments as your needs change
  • Protection of your assets to balance current and long-term needs
  • The ability to make distributions without the expense of court involvement
  • Professional asset management
  • Accurate trust accounting
  • Actively adjusting to market conditions
  • A highly knowledgeable team experienced with SSI and Medicaid regulations
  • Collaborative effort with your legal team to help avoid liability and malpractice issues
  • Your remaining principal balance is returned when the trust ends – unlike most annuity payout systems

Types of court-created trusts we administer:

  • Section 142 Trusts
  • Special Needs Trusts
  • Chapter 1301 Trusts
  • 468b Qualified Settlement Funds

Special Needs Trusts

Choosing a trustee that will care for a loved one is one of the most important and difficult tasks in creating a special needs trust. Trustees must have the necessary expertise to manage the trust, including making proper investments, paying bills, maintaining accounts and preparing tax returns.

The special needs trustee must also understand how each distribution he or she makes will affect the beneficiary's public benefits. Very few people have this knowledge. At Cadence Asset Management and Trust, we have experienced trust officers with decades of experience specifically in this area ready to bring resources to bear and help relieve some of the day-to-day responsibilities from other family members.

Resources

Article

What Happens if You Become Incapacitated? Know Your Estate Planning Options

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Article

Wealth Management and You: How (and why) to Set up a Trust

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Contact one of our Asset Management  & Trust Officers today.

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Other Trust & Estate Planning Services

INSURANCE AND INVESTMENT PRODUCTS:
Not Insured by FDIC | Not Bank Guaranteed | May Lose Value | Not Insured by any Federal Government Agency | Not a Bank Deposit

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