Trust Services

 

A trust can benefit anyone with valuable assets, including real estate, automobiles, jewelry, collectibles and financial accounts.  There are many types of trusts, from living trusts to provide for asset management in the event of incapacity, to special needs trusts for unique circumstances.  While a Last Will remains an important part of any estate plan; it may not be enough to ensure the passing of assets to the right people at the right time.

Having a plan in place can remove your family’s stress of making decisions during difficult times.  A trust lets you stay in control as long as you are willing and able, while giving you peace of mind that things will be taken care of if something happens.

The Trust Department at First National Bank has been helping families shape their future for over 25 years.  We pride ourselves on the quality of personalized service we are able to provide our clients and their beneficiaries by serving as trustee on the following types of trusts:

  • Revocable Living Trusts
  • Irrevocable Trusts
  • Testamentary Trusts
  • Family Wealth Preservation Trusts
  • Life Insurance Trusts
  • Special Needs Trusts
  • Guardianships of Property
  • Pension and Profit Sharing Plans

Services include safekeeping and investment of trust assets, collection and distribution of trust income and principal, record keeping and reporting of trust transactions and filing fiduciary tax returns.  Services are performed in a competent, efficient and confidential manner.  Services are subject to examination by external auditors and bank examiners on a regular basis.

Certain investments are not insured by the FDIC, not a deposit or other obligation of, or guaranteed by, the depository institution; and subject to investment risks, including possible loss of the principal amount invested.

Estate Settlement

The Trust Department at First National Bank also serves as Personal Representative/Executor of estates.  Services include:

  • Collection and security of assets and income
  • Payment of valid claims and debts
  • Beneficiary distributions
  • Complete record keeping
  • Filing income and estate tax returns

Contact Sherri in our Trust Department located at the North Main Branch at 1749 North Main Street to discuss our personal trust and estate settlement services.

For more information, contact Sherri in our Trust Department at
(918) 542-3371