Trust Administration
Trusts administered through Planters Bank Trust Services provide an efficient means of preserving, protecting, and managing your assets both during your lifetime and after your death, for the continued benefit of your family.
Types of Trusts
Planters Bank Trust Services can offer you assistance with the creation and implementation of a variety of trusts, including but not limited to:
- Living Trusts – Trusts created during the life of the grantor.
- Testamentary Trusts or Trusts under the Will – Trust created under the last will and testament of the deceased.
- Irrevocable Life Insurance Trusts – Trust which owns and is beneficiary of life insurance policies on the life of the grantor.
- Charitable Lead or Charitable Remainder Trusts – Setup by the grantor to benefit their family members as well as their favorite charity or charities.
- Special Needs Trusts – Provides financial supplement for someone with a disability without jeopardizing government assistance.
Benefits
With the experience and guidance of the Planters Bank Trust Team, your most personal financial decisions and directives will be achieved. Here is what you gain by working with our Trust Team:
- It is our full-time profession.
- Our team members are trained and experienced in Trust management.
- We are not subject to potential complications of an individual Trustee, such as death, becoming incapacitated or lacking competence to carry out complexities of your wishes.
- Impartial treatment of Trust beneficiaries.
- Peace of mind that your affairs are being fulfilled by the Trust Team of a highly respected financial institution.
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