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Estate planning offers many benefits.

A properly structured estate plan assures your assets will be available for your care during an event of disability and provides direction as to how your property is to be distributed upon your death or permanent disability. The trustee who supervises these tasks must be competent, trustworthy, and discreet.

Relationships are our business

We are devoted to maintaining a long-term relationship with you, your family, and all the professionals within your trusted circle of advisors. At all times, we are committed to remaining impartial, to serving your family in a professional manner, and to respecting your privacy.

Ensure a financially sound—and fully confidential—handling of your estate.

A trust identifies how your property (i.e., stocks, bonds, real estate, or cash) will be distributed and the trustee that will be responsible for administering your trust. Trusts also provide guidance and protection for you and your beneficiaries when unexpected financial needs arise.

Our trust experts will relieve you or your beneficiaries of the day-to-day management and administration of your assets. This creates a smooth and efficient wealth transfer process that is professionally managed by a neutral third party to minimize error and conflict.

A trust may also create substantial tax savings. Assets placed in a properly drafted trust may help mitigate taxation for your spouse, children, and future generations.*

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Give back to the causes you care about with philanthropic services.

Charitable trusts

Generate good will while benefitting from the tax advantages that come with charitable trusts, such as reducing your taxable income. Charitable trusts can either be set up during your lifetime or as part of a testamentary trust. Our trust advisors can walk you through your options.

Endowments and Foundations

A foundation is a legal entity with a constitution and board of directors. The foundation is controlled by the board. If you want to establish a charitable foundation in your family’s name, our wealth management team can help you get started and deliver a solution.

How we work with you.

Your trust officer leads the way by facilitating all administrative duties, handling trust disbursements, and coordinating the efforts of the team. On your behalf, the Byline Bank team handles a wide range of responsibilities:

Road path with an arrow with four markers showing the things Byline does to work with customers. Assemble documentation, complete filing, monitor process, and finalize settlement

1. Assemble documentation

  • Gather appropriate documents and provide beneficiary information
  • Identify, gather, and value assets

2. Complete filing

  • Identify, evaluate, and pay appropriate creditor claims
  • Determine tax liabilities
  • Distribute, sell, donate, or dispose of tangible personal property, as specified
  • Make partial distributions, if appropriate
  • Prepare necessary tax returns and pay related taxes

3. Monitor process

  • Sell or distribute real estate, as specified
  • Prepare final accounting statements and releases

4. Finalize settlement

  • Facilitate approval and signing of closing letter
  • Make final distributions

Byline is available to serve as your corporate fiduciary.

You will need to select certain fiduciaries to act in your best interest and administer your affairs, including an executor of your will, a successor trustee of your trust, and agents under your powers of attorney for property and health care.

Chart comparing Corporate and Individual Trustees

You’ll have access to expert advisors when you need us.

Close relationships are the driving force behind everything we do at Byline Bank–especially when it comes to our wealth services.

Meet Your Team