Trust Banking
Trust Banking is a financial service that focuses on managing and safeguarding assets on behalf of individuals or organizations. It involves a fiduciary relationship where the bank acts in the best interest of the client, ensuring that their investments and properties are handled responsibly. Trust banks often provide services like estate planning, investment management, and tax assistance.
Clients typically establish a trust to designate how their assets will be distributed after their death or to manage their wealth during their lifetime. This service is particularly beneficial for those looking to preserve their wealth for future generations or to support charitable causes.