Carrying out your wishes, when you cannot
Whatever your trust needs, our professionals offer expertise in creating asset management programs designed to manage, protect and grow your assets for the future.
Many people envision trusts as highly detailed and
complicated. However, trusts can be quite simple and are advisable
in any situation where a person wants to guarantee that a certain
objective is accomplished.
Anyone can benefit from a trust. We
administer trusts for individuals ranging in age from less than one
year to over 90. In many instances the purpose of the trust is to
keep family assets intact and use the income for the benefit of
several generations — with eventual distribution to grandchildren,
other selected family members or to charity.
A trust is the only way to ensure that
your wishes are carried out, both during your lifetime and, if
desired, for many years after your death.
Trusts are established
for a wide variety of reasons
property/investments for an individual or couple who needs or
wants assistance managing their financial
||Holding and managing
property/investments for the benefit of younger individuals
until they reach a certain age.|
administering property for charitable purposes.|
||Providing for the
continued administration of property after an individual
estate planning tool for married couples who want to reduce
their federal estate and state inheritance tax
trust services can help you accomplish the three major objectives of
1. Administering property as you
want it managed during your lifetime.
2. Reducing your
estate tax exposure.
3. Making sure your wishes are
carried out after your death.
Many people have a will which states how their property will be managed and administered after their death, unfortunately, provisions for the proper administration of property during the remainder of their lifetime is often neglected. Estate planning is valuable protection for you and your family, because in the event of an illness or death, your property will be managed as you choose.
Whether you're a
wage earner, self-employed or the head of your own company, our
trust team can develop a retirement plan for
is a competitive, highly complex industry. The management of your
operation may require more time and attention than you're able
to give. While acting as a trustee of your farm, our
professionals can manage your operation with a program individually
tailored to maximize profits, while improving productivity. Our farm
management team has experience with nearly every imaginable farm
management situation. They have been exposed to all aspects of
farming ... from accounting to tenant relationships to weed control.
They know what problems to anticipate and are familiar with the best
A variety of written agreements can be established to
assist in record keeping and asset management. Agency and fiduciary
agreements allow the Trust Department to manage an individual's
personal and financial affairs. Conservatorships are similar
agreements set up through the courts. With the Primebank acting as agent, your securities are safekept; all income and
principal is collected when due; and "buy and sell" orders are
executed on your behalf. Timely reports will be issued to you
showing the activity in your account.
• Executor of estates
Trustee of trusts created by wills
Trustee of trusts created by agreement while
• Life insurance trusts
Agent for portfolio management
Trust – a written arrangement in
which a trustee manages property for the benefit of an
individual or organization.
Trustee – the party responsible
for administering the trust.
Trustor – the creator of the
Trust – can be changed at any time.
Irrevocable Trust – cannot be
modified in any way; all title to assets are in the name of
the trust, which will be passed on to future generations, as
Trust – effective during the trustor's lifetime;
Testamentary Trust – established
via the will of a deceased person, ensuring property will be
administered in accordance with his or her
Trusts/Foundations – created for the benefit of