TRUST AND ESTATE PLANNING
Trusted guidance for your family's future.
When it comes to managing your estate, you're weighing future plans against today's needs. Our experienced team of professionals can help you with both.
Protect your legacy. Plan with a purpose.
At First Horizon Bank, our trust and estate planning services are designed to help you protect your assets, reduce tax exposure and ensure your wishes are honored for generations to come. Whether you’re navigating complex family dynamics, business succession or charitable giving, our experienced professionals provide strategic guidance every step of the way.
Why Trust and Estate Planning Matters
Effective trust and estate planning goes beyond writing a will. It’s about creating a comprehensive strategy that reflects your values, safeguards your assets and gives your loved ones peace of mind. We help you:
- Minimize estate and gift taxes
- Plan for business succession and generational transfers
- Protect heirs and beneficiaries
- Support philanthropic goals
- Ensure clarity and control in the distribution of assets
Why First Horizon Bank for Trust and Estate Planning?
We'll work with your legal and tax advisors to help meet your long-term goals and protect your estate.
When you work with our team, we provide you with:
- People who ask the right questions – we'll work to understand your aspirations and current situation.
- Solutions customized for your needs – we'll create an estate plan to help meet your goals.
- A professional who speaks the language – our trust team members know the industry and can make things both easy to understand and applicable to your future goals.
Trust and Estate Planning – Frequently Asked Questions
1. What is trust and estate planning?
Trust and estate planning is the process of arranging how your assets will be preserved, managed and distributed after your death – or during your lifetime in the case of incapacity. It can include wills, trusts, powers of attorney and tax strategies to protect your legacy.
2. Why do I need a trust if I already have a will?
A will outlines your wishes but must go through probate, which can be time-consuming and public. A trust allows assets to be transferred more privately and efficiently and can provide greater control, flexibility and protection for your beneficiaries.
3. Who should consider estate planning?
Estate planning is important for anyone with assets, dependents, or specific wishes for how their legacy should be handled. It’s especially valuable for business owners, blended families, individuals with charitable goals or those with high net worth.
4. What are the benefits of a corporate trustee?
A corporate trustee like First Horizon provides professional, impartial oversight of your trust, ensures fiduciary duties are met, and helps avoid potential conflicts between family members. We bring experience, continuity, and objectivity to complex estate situations.
5. Can you help with tax-efficient estate planning?
Yes. Our team works with your legal and tax advisors to create an estate plan that helps reduce estate, gift, and generation-skipping taxes while aligning with your long-term goals and charitable intentions.
6. How do I get started with trust and estate planning?
Start by scheduling a consultation with a First Horizon Trust Officer. We’ll review your current situation, identify your goals, and help build a customized plan that protects your wealth and supports your family’s future.
