Our Services
The Trust Company of Knoxville provides trust and investment services for individuals, businesses, and non-profit organizations throughout the Southeast and beyond. We've been helping clients accomplish their financial goals since 1987.
WEALTH MANAGEMENT
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IRA/Retirement Benefits Planning
Retirement accounts such as 401(k)s and IRAs comprise a significant portion of most investors’ assets, yet they also present some of the most cumbersome income tax and estate planning challenges. Our clients' goals for their retirement assets vary—ranging from generating a reliable lifetime income stream to forming the core of a legacy- but they all share a desire to leverage them to the fullest extent. We help our clients maximize the net, after-tax values of their IRAs and retirement accounts, as well as employment benefits such as stock options and deferred compensation.
This planning entails structuring withdrawals to provide consistent income during retirement as well as coordinating beneficiary designations with the client's overall estate plan so that assets flow to the intended beneficiaries with the least income taxation. Specific areas of counsel include Minimum Required Distribution (“MRD”) planning, charitable IRA planning, and Roth conversion planning (the elimination of income limits on Roth conversion eligibility in 2010 and beyond has created a planning opportunity with tremendous potential value).
