Planning
There are several moving parts when it comes to planning for your financial future. At Provident Trust Company, our experienced professionals will coordinate with you and your other professional advisors to ensure that your financial plan covers all of the necessary factors relevant to your individual financial situation.
Estate Planning
If you already have an estate plan, we will review the plan’s details to help ensure that your overall goals and objectives are being met as you transfer your wealth to the next generation. If you don’t have an estate plan, our professionals will work closely with your attorney to design a plan that captures your desires.
Based on your particular situation, our professionals can suggest vehicles to help manage and conserve your wealth for transfer to the next generation, such as:
- Generations-Skipping Trusts
- Irrevocable Life Insurance Trusts
- Qualified Personal Residence Trusts
- Grantor Retained Annuity Trusts
- Family Limited Partnerships
Tax Planning
No one wants to pay more that their fair share of tax. At Provident Trust Company, we will work collaboratively with your CPA to identify and implement tax planning strategies to minimize your tax exposure and, as a result, help preserve your wealth. We can supplement your tax planning by keeping you informed about relevant changes to the tax code and help you adjust your strategy accordingly. In addition, we have the capability to offer complete tax preparation services for trusts, estates, foundations, partnerships, and LLC’s.
Retirement Planning
Our customers’ goals for retirement differ dramatically. Whatever your goals, we will tailor an appropriate investment strategy that will complement all of your assets. Moreover, Provident Trust Company will help you make sound decisions about your retirement based both on broad economic projections and a firm understanding of your personal financial condition, tax situation and estate planning objectives.
Philanthropic Planning
Proper attention to charitable giving can help define a family’s legacy and can encourage values and a sense of social responsibility in the next generation. Many of our customers have a strong charitable intent that has become a core component of their overall financial plan. As a result, Provident Trust Company has developed extensive experience in administering charitable trusts and family foundations and in managing trust, foundation, and endowment assets.
Our professionals will work with your attorney to help you design and implement a plan for charitable giving that is both effective and personally fulfilling by utilizing vehicles such as Charitable Remainder Trusts, Charitable Lead Trusts and Private Foundations. Moreover, if necessary, Provident Trust Company will assist you in identifying appropriate charitable recipients and help educate the next generation on how to continue your family’s record of charitable giving in the future.