Unique Solutions
The Trust and Investment Management Division of Carolina First Bank provides all of the customary trust and investment management services, with a focus on you, the client. Combined with multiple investment options, we can provide solutions to meet the unique need of you, your family, or your business. We will analyze your personal financial needs and goals and offer you personal solutions. Our investment philosophy is based on the discipline and diversification necessary to achieve successful long-term investment management.

In each market that we serve, Carolina First Bank possesses trust powers. This enables Carolina First Bank to serve as executor under a client’s will, as trustee or co-trustee of trusts set up under a client’s will or other legal documents, or as a court-appointed conservator or guardian of a client’s assets.

Carolina First Bank can serve as trustee of your trust, a trust created for your benefit by someone else, or any one of the different kinds of trusts including Qualified Personal Residence Trusts, Qualified Domestic Trusts, or Charitable Trusts. We can also serve as your agent if you are named as a trustee or successor trustee and perform the same functions.

As trustee, we must fulfill the following duties:

• Duty of loyalty. A trustee must administer a trust solely in the interests of the beneficiaries. This is the most fundamental duty of a trustee. A trustee must not engage in any act of self-dealing.
• Duty of administration. The trustee must administer the trust in accordance with its terms, purposes, and the interests of the beneficiaries. A trustee must act prudently in the administration of a trust and exercise reasonable care, skill, and caution. A trustee must only incur reasonable costs of administration.
• Duty to control and protect trust property. The trustee must take reasonable steps to take control of and protect the trust property.
• Duty to keep property separate and maintain adequate records. A trustee must keep trust property separate from the trustee’s property and keep and render clear and accurate records with respect to the administration of the trust.
• Duty of impartiality. If a trust has two or more beneficiaries, the trustee must act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries’ respective interests.
• Duty to enforce and defend claims. A trustee must take reasonable steps to enforce claims of the trust and to defend claims against the trust.
• Duty to inform and report. A trust must keep qualified trust beneficiaries reasonably informed about the administration of the trust and of the material facts necessary for them to protect their interests. Some jurisdictions also impose a duty to provide an accounting to qualified beneficiaries.
• Duty of prudent investment. A trustee who invests and manages trust property has a duty to comply with the prudent investor rule unless otherwise stated by the terms of the trust or provided by state law. This duty is tied to the duty to use reasonable care and skill to make the trust property productive.

The Trust and Investment Management Division provides services to a decedent’s family and survivors for settling a decedent’s estate whether as executor under the decedent’s will, successor trustee under the decedent’s trust, or as court-appointed administrator if the decedent died without a valid will or trust. We can also serve as your agent if you are named as an executor or successor trustee and perform the same functions.

The Trust and Investment Management Division provides custody and escrow services to individuals and businesses under custody or escrow agreements tailored to the specific needs and requirements of the client.

The Trust and Investment Management Division of Carolina First Bank provides services to a decedent’s family and survivors for settling a decedent’s estate whether as executor under the decedent’s will, successor trustee under the decedent’s trust, or as court-appointed administrator if the decedent died without a valid will or trust. We can also serve as your agent if you are named as an executor or successor trustee and perform the same functions.

The Trust and Investment Management Division of Carolina First Bank provides custody and escrow services to individuals and businesses under custody or escrow agreements tailored to the specific needs and requirements of the client.