Trust Services
Trust Services & Planning for Your Legacy
Peoples Bank was founded in 1902 as a Bank and Trust company, meaning our clients receive over 100 years of experience in trust and estate planning. Our local advisors are always available to offer advice or service additional requests you may have throughout the process.
As a Peoples Bank client, you are assigned a relationship manager who you can go to with any questions or concerns. When you meet with one of our advisors, we will listen to your financial needs to understand your preferences for how money is managed, spent, and protected. Rest assured, we will be with you every step of the way.
Comprehensive Trust Services Designed Around You
Whether you’re ready to retire or just planning for the future, we’ll help you establish a succession plan, building long-term value to maximize your years of hard work. You may also consider setting up a trust to protect your assets and financial legacy. We will guide you through the types of trusts and acting trustee/co-trustee options.
Setting Up a Living Trust
Establish control over how your assets are managed and distributed while helping avoid unnecessary complications. We guide you through setting up a living trust that reflects your goals and provides flexibility for the future.
Exploring Types of Trusts
Not all trusts serve the same purpose. We help you evaluate different types of trusts, including revocable, irrevocable, and specialized structures, to determine what best fits your financial strategy.
Succession Planning
Ensure a smooth transition of wealth, business interests, or family assets with a clear succession plan. We help you prepare for the future while minimizing disruption and preserving long-term value.
Legacy & Estate Planning
Create a plan that reflects your wishes for your loved ones or philanthropic endeavors. Our advisors work with you and your attorney, tax professionals, and others to protect assets and simplify wealth transfer.
Learn More About Trust Services
Fill out the form below to connect with our team and learn more about personalized trust solutions designed around your goals.
Frequently Asked Questions
What is a living trust?
A living trust is a legal arrangement that allows assets to be managed during your lifetime and distributed according to your wishes after your death. Living trusts can provide flexibility, help simplify estate administration, and support long-term financial goals.
What types of trusts are available?
There are many types of trusts designed to address different financial and family goals. Common examples include revocable trusts, irrevocable trusts, and specialized trusts. A Trust Officer can help evaluate which trust structure may best align with your needs and objectives.
How can trust services support estate planning?
Trust services can play an important role in estate planning by helping individuals protect assets, establish a plan for wealth transfer, and outline how financial resources should be managed for future generations. Trust strategies are often coordinated with legal and tax professionals as part of a broader estate plan.
What is the difference between a trust and a will?
A will outlines how assets should be distributed after death, while a trust can provide instructions for managing and distributing assets during your lifetime and after death. Depending on your circumstances, trusts and wills may work together as part of an overall estate planning strategy.
What is succession planning?
Succession planning is the process of preparing for the transfer of wealth, family assets, or business interests to the next generation. A well-developed succession plan can help provide continuity, reduce uncertainty, and support long-term financial goals.
Can Peoples Bank serve as a trustee or co-trustee?
Yes. Peoples Bank can serve as a trustee or co-trustee, helping manage trust assets according to the terms of the trust. Working with a professional trustee can provide ongoing administration, oversight, and support for beneficiaries while helping ensure the trust is carried out as intended.
INVESTMENT PRODUCTS ARE NOT INSURED BY THE FDIC. NOT DEPOSITS OR OTHER OBLIGATIONS OF THE BANK AND ARE NOT GUARANTEED BY THE BANK; SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS