Securing Your Legacy
Ballston Spa National Bank provides personalized trust and estate administration services in Saratoga County and the Capital Region of New York, with experienced advisors who guide you through every step, from planning to final distribution.
Trusteeship
Your Legacy, Protected
Naming a corporate trustee instead of an individual removes the burden from family members and ensures your trust is managed with consistency, expertise, and impartiality – even as circumstances change over time.
- Full fiduciary oversight and compliance with trust terms.
- Investment management aligned with your distribution goals.
- Impartial administration that protects all beneficiaries equally.
- Ongoing reporting and transparent accounting.
ESTATE ADMINISTRATION
Your Estate in Great Hands
Estate settlement involves coordinating legal, financial, and tax responsibilities, often during an emotionally difficult time. Our team brings years of experience to make that process clear, organized, and efficient. Estate administration services include:
- Probate filing and court coordination
- Asset inventory, valuation, and safeguarding
- Creditor notification and debt resolution
- Tax return preparation and filing
- Distribution to beneficiaries per the will or trust terms
- Final accounting and estate closure
special needs trusts
Protecting What Matters Most
BSNB administers special needs trusts with the specialized care and attention they require. We work alongside your attorney and financial advisors to ensure the trust is properly structured, administered, and reviewed regularly as your loved one’s needs evolve. Our special needs trusts include:
- Coordination with Social Security and Medicaid guidelines.
- Careful spending oversight to protect benefit eligibility.
- Distributions for supplemental needs including housing, education, recreation, and more.
- Annual accounting and beneficiary reporting.
- Ongoing communication with families and caregivers.
We Are Here to Help.
Have a question about accounts, loans, digital banking, or the right next step?
Our team is ready to help you get where you need to go.
Our Wealth Management Team
Frequently Asked Questions
A trustee manages a trust overseeing assets, making distributions, and fulfilling the trust’s terms, often over many years. An executor (or administrator) settles a deceased person’s estate through probate, paying debts, filing taxes, and distributing assets to heirs. BSNB can serve in either or both roles.
A corporate trustee like BSNB provides continuity and impartiality that individual trustees, even well-intentioned family members, may not be able to provide. We never retire, move away, or have personal conflicts of interest. We follow your trust terms exactly and report transparently to all beneficiaries.
No, when properly structured, a special needs trust preserves eligibility for Medicaid, SSI, and other government benefit programs. Trust assets are used for supplemental needs that government benefits do not cover, such as education, recreation, and personal care items. BSNB administers these trusts in compliance with federal and New York State benefit program rules.
Call our Wealth Management Solutions team at (518) 885-6781 or visit one of our locations to speak with an advisor. We recommend scheduling a no-obligation consultation to discuss your goals and determine which services best fit your situation. Our advisors serve clients throughout Saratoga County, Albany County, and the surrounding Capital Region.
BSNB administers the following types of trusts:
- Revocable living trusts
- Irrevocable trusts
- Testamentary trusts (created through a will)
- Charitable trusts
- Special needs trusts
- Free consultation with a trusted Wealth Management Solutions advisor.*
- Unlimited check writing with two free check orders provided annually!
- A preferred rate of interest with a Wealth Management CD or Money Market Investment Account.
- Receive a .50% discount on an Auto/RV/Boat or Personal Loan when the payment is automatically deducted from your BSNB account.1
- 24 hour access to account information with online and mobile banking, plus FREE2 access to “Bill Pay”, our online bill payment service.
- Free debit MasterCard with all BSNB and non-BSNB ATM fees waived.
- Free small safe deposit box or 50% discount on any other size.
- No fee on official bank checks.
- No fee on wire transfers or stop payments.
- No closing costs or mortgage tax on Home Equity Lines of Credit.3
- $850 closing cost credit with a new to BSNB residential Mortgage Loan.4
Wealth Checking
Enjoy exclusive banking privileges and a personal advisor with BSNB’s Wealth Checking Account – fee-free perks, better rates, and real relationship banking.
- Free consultation with a dedicated Wealth Advisor.
- Unlimited check writing and two free boxes annually.
- Free debit Mastercard with all ATM fees waived.
- A preferred interest rate with a Wealth Management CD or Money Market Investment Account.
Go Further With BSNB
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| No Bank Guarantee | Not FDIC Insured | Not a Deposit | Not Insured By Any Federal Government Agency | May Lose Value Including Loss of Principal |
