Military Trust Services | AAFMAA Wealth Management

Get the Trustee Services You and Your Military Family Deserve

Take charge of your future confidently with AWM&T. We are a NC Trust Company solely dedicated to providing financial services to the military community, so we understand the pressures facing military families. Whether you’re planning for deployment or creating an estate plan, our trust management professionals can provide expert supervision of your assets and dedicated support for your beneficiaries.

With AWM&T, you’ll have a partner who stands with you and your family, so you’ll never have to worry about your financial future. From transferring wealth to charitable giving and managing your affairs, our team is ready to serve you and achieve your vision for the future.

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Who We Are

At AAFMAA Wealth Management & Trust (AWM&T), we provide tailored financial planning solutions exclusively for military families like yours. The military is the cornerstone of who we serve—and who we are. We understand the unique challenges military families face because many of us come from them ourselves.

With AWM&T as your financial partner, you’ll never have to navigate alone. Our military financial professionals have the know-how to protect your assets and the interests of your beneficiaries—now and into the future.

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Common Questions

A trust allows you to protect your assets for your beneficiaries, including you and others. Establishing a trust can allow you to:

Distribute assets to beneficiaries
Protect assets from creditors
Support a surviving spouse
Protect a child’s inheritance
Preserve wealth for future generations
Avoid probate
Reduce taxes

AWM&T can act as a trustee with most trust types, including:

Revocable living
Irrevocable
Charitable remainder
Charitable lead
Testamentary
Court appointed

Trusts require extensive recordkeeping and tax reporting. The trustee carries out these responsibilities. Selecting a corporate trustee, like the military trust professionals at AWM&T, ensures your account is managed by specialists who have the necessary experience to preserve your wealth and protect your legacy.

As your trustee, AWM&T will:

Prepare all records on behalf of the trust, including statements and tax returns
Communicate with beneficiaries
Dutifully honors your wishes in accordance with the trust agreement

Trust administration fees:

0.20% per annum in addition to investment management fees

Tools & Education

A trust is a legal enterprise where an individual (known as the grantor) grants permission to a neutral third party (known as the trustee) to hold and manage property for the benefit of another person (known as the beneficiary). A trust can contain mutual funds, stocks, bonds, and other assets.

You can create a trust to come into effect during your lifetime (inter vivos or living) or upon your death (testamentary). AWM&T can help with both.

There are many different trusts, but all trusts fall into two categories: revocable and irrevocable.

A revocable trust is an agreement that can be amended over time by the person who initiated the trust or the grantor. During the grantor’s lifetime, they can change instructions, remove assets, and terminate the agreement.

Irrevocable trusts cannot be altered or terminated once they are created. When a grantor creates an irrevocable trust, they give up ownership of the assets placed in the trust. An irrevocable trust can offer tax advantages since the assets in the trust are a separate entity.

Either trust can be structured to provide for property management and distribution upon the grantor’s death. Learn more about different types of trusts.

A beneficiary is the person, people, or organizations the trust was created to benefit and who will inherit the trust’s assets. Depending on your goals, you can name yourself as a beneficiary or others.

When you establish your trust, you will provide directions on when and how assets are to be distributed and what they can be used for. This can be particularly helpful if you’re concerned about how beneficiaries, like young children, will manage their inheritance.