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Making it Easier to Help Clients Leave a Legacy

Principal Trust Company expands personal trust services

May 2, 2013 (Des Moines) — As the population ages and tax laws change, financial professionals have an opportunity to help clients develop or update their estate plans. Personal trust services from Principal Trust CompanySM complete the plan by preserving and distributing wealth in order for the individual to leave a lasting legacy.

"We recognize estate planning tools are an important part of financial professionals' holistic approach to long-term planning for clients, which is why we're now making our personal trust services available to a larger number of financial professionals through our alliance firms," said Barrie Christman, president and CEO of Principal Trust Company, a subsidiary of the Principal Financial Group®. "Our client and advisor-focused model allows us to handle the trust administration, leaving the financial advisor time to focus on their clients' investment strategy."

Chartered in Delaware, Principal Trust Company's Delaware Directed Trusts allow for the separation of investment and administrative duties. This provides the flexibility for the financial professional to maintain investment management as either the named investment advisor or the individual hired by the named investment advisor with no minimum requirement on trust size. Principal Trust Company serves as corporate trustee.

"Clients can benefit from advantageous trust laws in Delaware as well as the expertise of our personal trust team, all while working with the financial professional they already know and trust," notes Christman.

Principal Trust Company provides trust services including trust administration, periodic and discretionary distribution, tax preparation and tax reporting. A dedicated team of trust services experts works with financial professionals and the clients' attorneys as the relationship managers to ensure the trust will meet the clients' financial and estate planning goals including:

  • Managing distributions during the lifetime of the trust
  • Addressing estate, gift and generation tax issues
  • Implementing asset protection trusts if appropriate
  • Creating dynasty trusts to stretch assets for future generations
  • Addressing a unique situation such as a special-needs child
  • Business succession planning — estate equalization

For more information about personal trust services visit: http://www.principaltrust.com. For more news and insights from The Principal, connect with us on Twitter at http://twitter.com/ThePrincipal.

About the Principal Financial Group

The Principal Financial Group® (The Principal ®)[1] is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $456.1 billion in assets under management[2] and serves some 19.1 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.

[1]
"The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
[2]
As of March 31, 2013

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