Trust Us to Be Your Trustee
Special needs call for special solutions. Many personal financial objectives extend well beyond those that investment services cover. A trust can be a special tool that lets us help you with goals such as:
- Financing your children's or grandchildren's education.
- Supporting an elderly relative.
- Making charitable bequests.
- Saving on estate taxes.
- Managing your assets if you are disabled.
- Providing investment management for your family after your death.
A trust is a custom legal arrangement you create that allows Farmers Bank, as the trustee, to manage the assets you place in the trust. We care for the assets strictly for your benefit and/or the benefit of another person or persons you choose. And, we strictly follow your guidelines on how to manage the assets.
You can have your trust take effect during your lifetime (a living trust) or under a provision in your will (a testamentary trust). A living trust can continue after your death if that is your choice when you establish your trust. This can allow uninterrupted asset management and financial protection for your family. Such a trust need not mean losing control over your assets, because you can set it up with the option to amend or end the trust at any time.
For more information on our trust department, please contact us at any time.