A lifetime of hard work and savings often results in the creation of significant wealth. If you have questions about how to manage, invest, preserve or transfer this wealth, our Trust Services Department can assist. After becoming thoroughly familiar with your financial objectives, our Trust professionals will guide you through the best options to meet your needs, which may include:
Protect and plan for your family and others close to you.
Specify precisely how your assets are to be managed throughout your lifetime. A living trust is a great tool to give you the peace of mind that your financial objectives will be met.
After your passing, this trust accomplishes long term fulfillment of your wishes.
In situations involving a minor, a conservator is responsible for the financial management of the estate until the child reaches legal age. Conservators may also be assigned in the case of an adult who is physically or mentally unable to manage financial affairs.
In addition to donating to your favorite charity, this type of trust may also reduce your income tax and lower your estate tax.
Upon your death, your executor assembles and values estate assets, pays necessary taxes, distributes estate assets to beneficiaries, and supplies a full accounting for his or her actions in connection with carrying out the terms of your will.