Your legacy is worthy of a smart planPersonal trust services from TIAA, FSB

Srini Kambhampati, biology professor and department chair, participant since 1990

How do you want to be remembered?Whether your goal is to provide financial support for your loved ones or a charity, a personal trust is a legal arrangement to honor your wishes.

What’s more, a personal trust may offer you greater control over your assets than a will. At the same time, it can be a strategic part of your overall financial plan—reflecting your values and goals.

Start the conversationWe’re here to answer your questions and help you plan with confidence.

Contact your TIAA advisor Or call us at 866-220-6583

We’re here to help Your dedicated TIAA advisor and personal trust team will work with you—and your legal

or tax advisors (if needed)—to build and monitor a plan that’s right for you.

Your advisor takes the time to understand your

priorities and create a personalized roadmap.

Your portfolio manager helps you develop an investment strategy

and build a tax-savvy portfolio.

Your trust administrator

helps you implement your estate plan.

Consider establishing a trust to:

1Ensure your assets are managed

for the benefit of your heirs or a charity—and according to

your wishes

2Make a bigger impact on what matters most to you—through tax-savvy strategies and flexible

charitable gifts

3Help your heirs save time and

money by avoiding the potential costs and delays associated

with probate

We can also help with: Trust tax preparation W Distributing income to beneficiaries W TIAA Life Insurance Company coverage

Investment management W Retirement planning W Charitable giving

Important trust related terms

Grantor. The person who establishes the trust and owns the assets (or other property) that will become a part of the trust.

Trustee. The person or institution to whom the grantor has transferred legal authority for the administration, asset management, and distribution of assets and property.

Beneficiary. The person or entity who will receive assets or property from your trust.

Sole (or current) trustee. Single manager of the trust.

Co-trustee. Additional person who acts in the role of the trustee.

Successor trustee. Another individual or institution who takes ownership of the trust’s assets and property after a predecessor trustee ceases to serve.

Probate. A legal process—occurring after someone dies—to examine the validity of a will.

Build your legacy with a trust Several types of trusts are available to help address your needs, including:

Living Trust (Revocable Trust): Gives you flexibility and control, and can save

time and money by avoiding probate.

Irrevocable Trust: A tax-efficient way to support you and your loved ones.1

Irrevocable Life Insurance Trust: Offers tax-free benefits to surviving

spouse and beneficiaries.2

Charitable Remainder Trust: A tax-efficient way to pay income to a beneficiary for life or a time period.

Charitable Lead Trust: The trust pays income to a chosen charity for a specific time. At the end of that time, beneficiaries receive the remaining trust property.

Learn moreContact your TIAA advisor or call 866-220-6583.

1 This trust type cannot be changed once established.2 Must be irrevocable to receive tax benefits.

Start the conversationWe’re here to answer your questions and help you plan with confidence.

Contact your TIAA advisor Or call us at 866-220-6583

115559 708708_810720A15522 (03/17)

Front cover photo: Phillip Bennett, retired chemistry professor, participant since 1999, and his wife, Linda

Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.

The TIAA group of companies does not provide legal or tax advice. Please consult your legal or tax advisor.TIAA, FSB provides investment management and trust services.

Advisory services provided by Advice & Planning Services, a division of TIAA-CREF Individual & Institutional Services, LLC, a registered investment advisor.

TIAA-CREF Life Insurance Company is a wholly owned subsidiary of Teachers Insurance and Annuity Association of America (TIAA). Life Insurance is issued by TIAA-CREF Life Insurance Company, New York, NY. Each of the foregoing is solely responsible for its own financial condition and contractual obligations.

©2017 TIAA, FSB, 211 North Broadway, St. Louis, MO 63102