There are several kinds of trusts, all serving different and specific purposes. Yet, all trusts have one thing in common, they are a means of ensuring that your property will be handled and ultimately passed on…in the way you so desire.
Our first step will be to discuss your financial situation and determine what your current needs may be. Next, we will provide suggestions to fulfill those needs in either a trust or an agency account that will be beneficial to you and your family. We can show you that establishing a trust does not have to be expensive. In fact, it may be a very inexpensive way to provide you and your family with professional security and administration of your assets.
Once you have made a final decision on the type of trust or agency account that will best serve your needs, we will guide you through all the steps necessary to put your financial plan in action.
The trust and estate world is constantly changing. We will keep you up to date on all the new laws and regulations. We will also advise you of how the new laws and regulations will affect your trust or agency account and offer our recommendations on how you can best incorporate those laws into your financial plan.
Some of the major reasons to establish a trust are as follows:
1. To avoid probate
The First National Bank In Amboy has been in the trust business for over 30 years, and our trust staff has over 50 years of combined trust experience. We can provide you with personal, professional, financial management on a local level. We will meet with you face to face and discuss what is best for you, which is something that only your hometown bank can do.
We feel that the personal service and communication that we provide are essential in order for us to meet your needs.
Types of Trusts:
We have many types of trust and estate services available. Some of the major types are as follows:
1. Living Trusts
If you just need assistance with your financial needs, we will provide all of our administrative and investments services to you with an agency agreement. This type of arrangement can be very helpful to you if you do not need a trust, but you do have a need for help with your financial needs for whatever reasons.
We all need help at times for a variety of reasons. Give us a call and let us show you how we can provide an answer to your financial needs with our professional administrative services.