Trusts & Estates

Revocable Living Trust - Contact Us Now

This trust provides professional financial management. It is set up and in effect while the trustor is living and can continue after death. It also provides the added benefit of avoiding probate-sometimes a lengthy and expensive process.

Life Insurance Trust - Contact Us Now

This is a passive, living trust, which keeps life insurance policies safe. It may pay the premiums and upon the trustor’s death the trust department collects the policy benefits and makes the money available to support family and estate. Life insurance proceeds may be excluded from the insurer’s estate, thereby lowering estate taxes.

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Standby Trust - Contact Us Now

This trust works like a contingency plan. You manage your assets until a predetermined event occurs such as incapacitation or extended vacation. The trustee then manages your assets until you are able to again.

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Charitable Remainder Trust - Contact Us Now

Plan to give to the charity of your choice without giving up the use of your assets while you are alive. In most instances, the trust provides you with a lifetime income. Upon death, the remainder of the trust is given to your charity. If certain requirements are met, you may claim an immediate income tax deduction for the present value of the charity’s trust interest, a benefit to both you and the charity.

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Executor of Estates

As executor, we prepare an inventory of the assets, prepare a budget for settlement of the estate, pay all taxes and other claims against the estate, prepare a final accounting for probate court and make the final distribution to heirs and beneficiaries.

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Guardianship

Guardianship is established by a court order to protect the assets of those not able to manage their own property. This often serves minor children or incompetent adults.

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Agencies

An agency carries out certain functions for the customer. This often includes paying bills for the elderly or managing their investments. Ownership remains with the customer, unlike a trust.

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Testamentary Trust

A testamentary trust is established by a will and does not take effect until the death of the trustor. The trust department then controls the assets for the heirs and reports its actions to the Probate Court.