Can I set up a trust with Bank of America Private Bank?

Yes, Bank of America Private Bank does offer trust services, allowing individuals to establish a trust tailored to their unique needs and financial goals. Setting up a trust can provide various benefits, including the management of assets, tax advantages, and ensuring that one's wishes are carried out after passing. The trust services may include revocable and irrevocable trusts, special needs trusts, and charitable trusts, among others. Creating a trust typically involves a detailed discussion about the specific objectives, assets, and beneficiaries you have in mind. Bank of America Private Bank usually provides professionals who can guide clients through the process, ensuring that all legal requirements are met and that the trust aligns with your financial strategy. It is recommended that individuals seeking to set up a trust thoroughly explore the services available on the Bank of America Private Bank website for more information and details on how to initiate the process. This will also provide insights into the various types of trusts offered and how they can specifically cater to your needs.