Trust and Estate Planning
At Peoples Financial Advisors, our experienced associates are available to help you protect and grow your assets in order to achieve your goals and plan for major life events. We can design a program perfectly suited to your needs, with any of our full range of services, including:
- Professional Trust Administration - A trust is a legal arrangement in which you transfer assets to a Trustee to hold in a manner subject to your written specifications. Peoples Bank has a longstanding tradition of serving as an honest, prudent and efficient Trustee. Our professional advisors can assist you in selecting the proper type of trust for asset growth and security in your lifetime, and for your family's future. Some of the most common types of trusts include the following:
- Living Trusts - A Living Trust is created and begins operating during your lifetime and can continue functioning after your death. Living Trusts can be used to avoid probate. Avoidance of probate assures confidentiality, saves money and expedites transferring assets to your beneficiaries.
- Irrevocable Trusts - - We can serve as trustee of various irrevocable trusts such as Charitable Trusts, Trusts created by Will, QTIP Trusts, Charitable Remainder Trusts, Special needs trust, irrevocable life insurance trusts. Irrevocable trusts are a helpful tool in estate planning. Also, because ownership of the trust assets is transferred during lifetime, the Grantor can observe the benefits of the trust.
- Standby Trusts - Peoples Financial Advisors can be trustee of a trust that allows the grantor to continue in complete control of investment decisions, while being free from the administrative details until certain predetermined events such as disability or death occur. These trusts offer peace of mind by ensuring that your responsibilities will be handled in a reliable manner should you become unable to manage it yourself.
- Charitable Trusts - An irrevocable trust established for the benefit of one or more charities, usually in perpetuity. We provide long-term investment strategy and act as the monitor to maintain the wishes of the Grantor. This category also includes Private Foundations.
- Education accounts - Our associates can assist you in finding the proper method to invest and prepare for future education expenses.
- Retirement Plans - We consult with Employers to create retirement plans tailored for your employees' preferences.
- Individual Retirement Accounts - Whether through a change in employer or retirement, we offer Rollover IRA accounts for professional investment to preserve funds for retirement years.
- Estate Administration - Peoples Bank can serve as the Executor named in your will to ensure effective, efficient settlement of your estate.
The above services are offered through Peoples Asset Management and are exclusive of Raymond James Financial Services, Inc.
Additional Services
Are Not FDIC Insured |
May Lose Value |
Are Not Bank Guaranteed |