Special Needs Trusts Services

Special Needs Trusts Services

WHY A SPECIAL NEEDS TRUST WITH CGTC AS TRUSTEE?

Coral Gables Trust Company's professionals have a wealth of experience in administering special needs trusts. We provide protection, security and comfort through careful review of our client's needs in coordination with government benefits. We provide the benefit of professional investment management and experienced SNT administrators.

Our staff is trained in the requirements and responsibilities for Special Needs Trust administration and understands the importance of being fully accessible to provide quality personal assistance to our clients. Our officers are available where and when needed to guide our clients through all important considerations. 

OUR APPROACH: 

The assignment of a dedicated trust administrator to each client. The availability for face-to-face meetings when and where it is convenient for our clients and their advisors.

And independent and highly regarded investment management platform designed to maximize our client's investment returns while maintaining a reasonable level of risk based upon the needs of the beneficiaries.

Coordination with our client's advisory and support team to make sure our client receives the most comprehensive service available.

We deliver value and service through experience, objectivity and compassion. 

OUR SPECIAL NEEDS TRUST RESPONSIBILITIES INCLUDE:
 
Receipt and safekeeping of the assets and income of the trust.
 
Prudent management of the assets of the trust to ensure that the expenses incurred while providing supplemental benefits do not deplete the assets of the trust to the point that the future goals of the beneficiary are compromised.
 
Maintain accurate records of all income and principal transactions and provide regular accountings.
 
Arrange for annual tax filings.
 
Hire and monitor service providers as necessary.
 
Regularly communicate with the beneficiary, caregiver, and service providers.
 
Coral Gables Trust Company administers estates, personal, charitable, institutional, special needs trusts, investment management, custodial, escrow accounts, and guardianships.

Administration and oversight can prove highly complex thereby requiring experience and deep subject matter expertise, characteristics which are well represented by the firm's Trust Administrations Committee. These Committees are responsible for the oversight, review and monitoring of all Trust and Investment Management relationship approvals and issues. 
 
RESPONSIBILITIES INCLUDE:
 
  • Investment Oversight
  • Custody Assets
  • Collecting and Valuating Assets
  • Bill paying and record-keeping
  • Providing Tax Information
  • Approving Discretionary Distributions 

Investment and related products are: Not Insured by the FDIC, the United States Government or any Governmental Agency or by Coral Gables Trust Company or any of its affiliates. Not obligations of the Trust Company or guaranteed by the Trust Company. Subject to Investment risk and may lose value.