TRUST AND INVESTMENT SERVICES
Trust & Estate Services
Revocable Living Trust -
asset management during your lifetime
As trustee, the First American Bank and Trust Company offers its customers a broad array of trust services and options. The trust agreement can be tailored to the customer's needs for long-range family planning and is flexible enough to allow changes. A living trust normally terminates at the death of the customer.
Standby Trust -
as-needed management
The customer retains complete asset control until First American Bank and Trust Company's services are activated.
Trust Under Will -
more than a bequest for your heirs
Trusts created by a will may provide significant tax savings to the customer's family, pay for a child's education, or fund other family needs. This type of trust provides the customer's heirs the benefits of assets without the burden of management.
Life Insurance Trust -
tax planning tool and proceeds management
Life insurance trusts provide unique estate planning opportunities. Life insurance trusts may reduce the customer's estate and gift taxes or provide needed liquidity to the customer's estate. A corporate trustee, like First American Bank and Trust Company, can manage the proceeds of the customer's life insurance to maximize the benefit to their estate.
Estate Administration -
the right executor for your will
One of the most overlooked parts of a will is the person named as the executor or personal representative. Spouses or other relatives are often designated to fill the role, which can be demanding and require special skills and judgment. First American Bank and Trust Company has the experience to provide the specialized skills and effective administration for proper estate administration.
First American Bank and Trust Company does not provide tax or legal advice. However, we will work with your financial and legal advisers to develop your estate plan.
Investments offered by Trust and Investment Services are NOT FDIC INSURED, provide NO BANK GUARANTEE, and MAY LOSE VALUE.
