We are trustworthy by design. The list of specific duties legally required of a trustee is extensive – preserve and protect trust assets, invest and administer with care, maintain records, account to beneficiaries, and deal with beneficiaries impartially. These high standards of stewardship insure that your wishes are followed and will give you peace of mind.
These trusts provide full financial management during life. The bank as trustee keeps records, pays bills, makes investment decisions, and distributes income and principal according to the terms of the trust. A living trust offers continued financial protection in event of incapacity, or when you wish to transfer management responsibilities to the bank for freedom to run a business, enjoy retirement or other activities.
A legacy in trust, whether for a surviving spouse, a child or other family members, can provide a lifetime of financial security through careful, professional management. Significant estate tax savings can be accomplished.
Thoughtfully designed trusts can provide financial benefits for you or for family members, as well as substantial support for your favorite charity. Significant tax benefits may be available as well.