What We Offer

Learn More

Complexity does not intimidate us. 
It informs us.

Informed by Complexity

How We Serve

We administer both traditional and complex assets, including private businesses, illiquid holdings and non-traditional investments.

We routinely oversee sophisticated estate structures and maintain access to tax expertise through our affiliate, Moore Colson.

Contact Us
Our Experience

Experience Across Trust Structures

Our team administers a broad range of trust types, including:

  • Revocable and Irrevocable Trusts
  • Marital and Credit Shelter Trusts
  • GRATs, IDGTs, SLATs and BDITs
  • Dynasty and Generation-Skipping Trusts 
  • Tennessee Asset Protection Trusts (TIST)
  • Tennessee Incomplete-Gift Non-Grantor Trusts (TING)
  • Charitable Trusts and ILITs
  • Community Property Trusts

We bring technical fluency and practical judgment to every structure.

As a corporate fiduciary, we able to service families in a variety of ways:

  • Sole trustee with full fiduciary powers (discretionary trustee)
  • Directed trustee with a third-party, trust protector and/or investment advisor
  • Co-trustee with an individual trustee
  • Successor trustee
  • Trust protector
  • Agent for trustee
  • Executor Services
FAQs

Frequently 
Asked Questions

Here are answers to common questions about us.

Contact Us
Administrative services would include:
  • Maintaining trust records and providing physical or electronic access to appropriate parties;
    • Track receipts and disbursements and apply to Income and Principal as appropriate;
    • Provide cash processing services for the trust;
    • Pay bills as directed by authorized party;
    • Download and reconcile custodian transactions for reporting purposes;
  • Ensure all qualified beneficiaries receive required accountings and statements;
  • Ensure timely filing of all required returns;
  • Provide copies of tax forms (K-1s, grantor letters, etc.) which are distributed as required.
We have experience administering many different types of trusts, including those listed below.
  • Revocable Living Trusts
  • Marital and Credit Shelter Trusts
  • Irrevocable Grantor Trusts (IDGT, SLAT, etc.)
  • Charitable Trusts
  • Tennessee Asset Protection Trusts (TIST)
  • Tennessee Community Property Trusts
  • Grantor-Retained Annuity Trusts (GRAT)
  • Generation Skipping and Dynasty Trusts
  • Beneficiary Defective Irrevocable Trust (BDIT)
  • Irrevocable Life Insurance Trusts
  • Tennessee Incomplete-Gift Non-Grantor Trust (TING)

As an administrative trustee, Magnolia Trust would have no discretion and we would be serving in a fully directed capacity. In such case, our fee for fully directed trusts would apply.

As stated above, our fees for services as trustee are charged based on a percentage of the trust assets in accordance with our published fee schedule. Our service offering can be customized to meet the client’s needs, and all fees for services are, in an effort to encourage transparency, documented through an engagement letter at the inception of the relationship.

Our reporting protocol is flexible and can be customized to fit the client’s needs as well as advisory partner’s needs. Typically, clients receive statements on a quarterly, semi-annual or annual basis. Client statements are available in paper or electronic format.

Administrative services would include:
  • Maintaining trust records and providing physical or electronic access to appropriate parties;
    • Track receipts and disbursements and apply to Income and Principal as appropriate;
    • Provide cash processing services for the trust;
    • Pay bills as directed by authorized party;
    • Download and reconcile custodian transactions for reporting purposes;
  • Ensure all qualified beneficiaries receive required accountings and statements; and
  • Taxes
    • Ensure timely filing of all required returns;
    • Provide copies of tax forms (K-1s, grantor letters, etc.) which are distributed as required.
As a trustee, Magnolia takes on a fiduciary responsibility to ensure that the terms of a trust are carried out in an objective and independent manner. These responsibilities include daily, weekly, monthly, quarterly and annual activities, including:
  • Meetings with trust grantor, beneficiaries and family to review trust activity and performance;
  • Accounting for trust receipts and disbursements;
  • Accounting for note receivable or note payable principal and income, as needed;
  • Distribute trust assets as directed or allowed under the trust document;
  • Provide periodic trust activity and trust balance reporting and maintain trust accounting records;
  • Coordinate valuations on assets without readily available market values;
  • Ensure tax filings are completed;
  • Coordinate and collaborate with other professional advisors to identify planning opportunities;
  • Maintain a thorough understanding of the applicable fiduciary and tax laws; and
  • Address any beneficiary specific issues, including education of beneficiaries on trust related topics.
We can serve as a trustee in a directed or discretionary manner.
As a trustee, Magnolia takes on a fiduciary responsibility to ensure that the terms of a trust are carried out in an objective and independent manner. These responsibilities include daily, weekly, monthly, quarterly and annual administrative services, including:
  • Meetings with trust grantor, beneficiaries and family to review trust activity and performance;
    • Maintaining trust records and providing physical or electronic access to appropriate parties;
      • Track receipts and disbursements and apply to Income and Principal as appropriate;
      • Provide cash processing services for the trust;
      • Pay bills as directed by authorized party;
      • Download and reconcile custodian transactions for reporting purposes;
    • Ensure all qualified beneficiaries receive required accountings and statements;
  • Accounting for note receivable or note payable principal and income, as needed;
  • Distribute trust assets as directed or allowed under the trust document;
  • Provide periodic trust activity and trust balance reporting and maintain trust accounting records;
  • Coordinate valuations on assets without readily available market values;
  • Maintain a thorough understanding of the applicable fiduciary and tax laws;
  • Ensure timely filing of all required returns;
  • Provide copies of tax forms (K-1s, grantor letters, etc.) which are distributed as required
  • Address any beneficiary specific issues, including education of beneficiaries on trust related topics.
  • Coordinate and collaborate with other professional advisors to identify planning opportunities;
We can serve as a trustee in a directed or discretionary manner. Additionally, Magnolia Trust can also serve as an executor as needed.

Content on this site is for informational purposes only and is not legal, tax, or investment advice. Please consult your own professional advisors regarding the appropriateness of any trust or planning solution for your specific circumstances.