Investment &
Retirement Services -
Trust Services -
Insurance Services -
Specialists
At Peoples Bank our commitment is to your financial well-being. That’s why
we offer Trust services that include estate planning, guardianship for adult
or minor children, and a variety of Trust programs to allow you to protect
your assets and your heirs.
Estate Planning
In addition to establishing a Trust for you and your estate, your Trust
Officer can also serve as the Executor of your estate. As Executor, we can provide the investment knowledge and experience your
beneficiaries may lack. As a financial institution, we are financially
responsible, impartial and accessible. You can rely on us to work closely
with your beneficiaries and answer their questions plainly and promptly.
Peoples Bank, as Executor of an Estate, fulfills the following duties:
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Complete administration of the estate |
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Collecting and conducting an inventory of assets |
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Determining debts and claims against the estate |
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Managing the estate’s assets during settlement |
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Determining and paying all taxes from the estate |
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Distributing assets to all beneficiaries |
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Trusts
A Trust is a planning tool that allows for the customized planning of your
assets in the event of death. Peoples Bank offers an array of Trust products
to best suit your needs.
Living Trusts
A living trust is a very special estate planning tool that:
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Allows you to specify how your assets should be managed in the
event of your disability or death |
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Can be designated as revocable (amendable by you) or irrevocable
(not amendable by any party) |
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Can be of immeasurable comfort to your beneficiaries upon your
death because assets in a living trust avoid probate proceedings |
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Specifies whether your estate will remain in trust or distributed
in accordance with your wishes |
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Life Insurance Trust
This tool allows you the opportunity to designate the distribution of
insurance proceeds to your heirs with favorable tax benefits. Take advantage
of our professional management of the trust according to your terms.
Land Trusts
A Land Trust is a simple and efficient method for holding title to real
estate. It is an ideal vehicle for making gifts of real estate and can
potentially help avoid probate.
Guardianship Trusts
Our skilled trust professionals can serve as Guardian of an estate for an
adult or minor child. Peoples Bank provides the security of protecting the
financial interests of the individual while giving you peace of mind, especially if you have a
disabled child.
Testamentary Trusts
A Testamentary Trust is created within a client’s Will. The
Trust does not go into effect until the death of the grantor. Many
customers utilize this type of Trust in order to plan for the eventual
distribution of the estate’s assets.
For today and tomorrow, you can trust Peoples Bank to help you make the best
financial decisions. We invite you to call us at (219) 853-7080 to set up an
appointment or contact us online for additional information.
Wealth Management Specialists
