Types of Accounts and Who Can Benefit

Our approach to trust services recognizes that the investment and estate settlement assistance you need will be different from anyone else. That is why we take time to get to know you. Once we learn what your trust and estate needs are, we'll develop a plan designed just for you.

We take a relationship approach to developing a plan that meets each client's needs. This is unique in today's world of 'cookie-cutter' trust and investment services. With our emphasis on individualized relationships, we will work with you and your family to carry out your own trust and estate settlement in the manner that's most appropriate for you.

Country Club Trust Company professionals can structure a customized portfolio of securities or we can work with your attorney in the execution of your tailor-made trust and estate plan.

For more information call 816-751-4200 or toll-free 877-803-6871.

Types of Accounts

1. Revocable Trust (Living Trust) - A revocable agreement by which your assets are managed by Country Club Trust Company as the trustee for the benefit of yourself or someone else you select (the beneficiary).

  • Revocable and amendable
  • Protection in the event of incapacity
  • Professional investment management
  • Availability of income
  • Availability of principal
  • Detailed statements
  • On-line account information  

2. Personal Representative (Executor of Your Will) - The role Country Club Trust
Company assumes under your Will to settle the affairs of your estate.

  • Professional, full-time expertise
  • Inventory of all property and assets
  • Filing of personal and estate tax returns
  • Relief from tax, legal and administrative details
  • Family or other individuals can serve as Co-Personal Representatives

3. Trustee in Estate Plans - The service provided by Country Club Trust Company to manage your assets after death.

  • Distribution of trust assets as you intend
  • No fees charged until after death
  • Provides income and protects principal
  • Professional investment management
  • Avoidance of guardianships
  • Individually managed investments
  • Family or other individuals can serve as Co-Trustee

4. Custody Account - An account which allows you to maintain control of your investments while Country Club Trust Company provides record-keeping services...a personal “financial secretary" for busy people.

  • Safekeeping and record-keeping of portfolio assets
  • Collection of interest, dividends, and coupons
  • Maintenance of tax cost basis
  • Detailed statements
  • On-line account information

5. Special Needs Trust - A special type of trust administered by Country Club Trust Company to provide supplemental funds to a disabled person in a manner that does not jeopardize his or her access to benefits provided through governmental programs.

  • Professional investment management
  • Coordination of distributions with other available benefits
  • Individually managed investments
  • Family or other individuals can serve as Co-Trustee

6. Charitable Remainder Trust - An irrevocable trust administered by Country Club Trust Company providing income (either a set amount or a set percentage) to a person or persons for lifetime or period of years. At death, or at the end of the term of years, the trust pays over to a named charity, or charities, or it may continue in trust as a private foundation for charitable purposes.

  • Professional investment management
  • Record keeping
  • IRS reporting
  • Detailed statements
  • On-line account information

7. Charitable Lead Trust - An irrevocable trust administered by Country Club Trust Company providing income (either a set amount or a set percentage) to a named charity for the lifetime of the person creating the trust or for a term of years. When the trust terminates, the trust is paid over to a named person or persons.

  • Professional investment management
  • Record keeping
  • IRS reporting
  • Detailed statements
  • On-line account information

8. Conservatorship - A court-appointed position in which Country Club Trust Company is responsible for the assets belonging to an incapacitated person as determined by the Probate Court.

  • Professional, full-time expertise
  • Inventory of all property and assets
  • Payment of bills
  • Filing of all court required accountings

9. Private Foundation - An irrevocable charitable trust in which Country Club Trust Company serves as trustee for charitable purposes as set out by the creator of the trust within the trust document.

  • Professional, full-time expertise
  • Professional investment management
  • Record keeping
  • IRS reporting
  • Detailed reporting
  • Family members may be involved in deciding the charitable distributions
  • Online account information

Who can benefit from our services?

  1. Individuals
  2. Individuals serving as a trustee
  3. Individuals serving as a personal representative
  4. Charitable organizations serving as a trustee