Proposal: Creating a Wealth Management Division within SE B&T

Introduction: SE B&T is a financial cooperative committed to providing its members with the tools and resources they need to build long-term wealth and financial stability. In line with this commitment, we are proposing the creation of a new Wealth Management Division within SE B&T that will focus on creating and managing family trusts.

Objective: The objective of the Wealth Management Division is to provide our members with access to professional trust management services that will help them achieve their long-term wealth-building goals. We believe that this service will be particularly valuable to our members who are looking to create and pass on wealth to future generations.

Service Offerings: The Wealth Management Division will offer the following services to our members:

1. Trust Creation: We will work with our members to create customized trusts that meet their specific needs and goals. These trusts can be designed to provide income to beneficiaries, protect assets from creditors, and reduce estate taxes.
2. Trust Administration: We will manage the day-to-day administration of the trust, including record-keeping, tax preparation, and distribution of assets to beneficiaries.
3. Investment Management: We will manage the assets held within the trust, working with our members to create a customized investment strategy that aligns with their risk tolerance and investment goals.

Benefits to Members: By creating and managing family trusts, our members will benefit in the following ways:

1. Generational Wealth Continuum: Family trusts can be structured to provide a long-term source of income for beneficiaries, ensuring that wealth is preserved and passed down to future generations.
2. Tax Efficiency: Trusts can be structured to minimize taxes on the transfer of wealth, reducing the tax burden for both the donor and the beneficiary.
3. Asset Protection: Trusts can be designed to protect assets from creditors and other potential threats.
4. Professional Management: Trusts managed by the Wealth Management Division will benefit from the expertise of our professional investment and trust management team.

Conclusion: Creating a Wealth Management Division within SE B&T will allow us to offer our members a valuable new service that aligns with our commitment to long-term wealth-building and financial stability. We believe that this service will be particularly valuable to our members who are looking to create and pass on wealth to future generations.