The Trust Department is a service of First National Bank. Our Trust professionals have teamed with investment counselors, retirement plan specialists, attorneys, and CPA’s, enabling you to be confident that your account will be handled properly.

• Living Trusts
• Trusts Under Will / Testamentary Trusts
• Estate Settlement
• Conservatorships
• Investment Accounts
• Freedom Account
• Self Directed IRAs / IRA Rollovers
• Other Services
• How Do I Get Started?
• Lifetime Planning
• Trust & Estate Planning

*Note: These products are not FDIC-insured. These products are subject to investment risks, including possible loss of the principal amount invested.

Trust Services

Living Trusts

A Living Trust is a trust that’s established during one’s lifetime. It may be structured in such a way that it is revocable, which means that you can change the terms or end the arrangement whenever you wish. Under a typical Living Trust agreement (which is drafted by an attorney) ownership of assets or property is transferred to the trust and is managed by the Trustee on behalf of one or more beneficiaries. A properly drafted Living Trust can function flexibly during life and minimize delays and expenses at death. Additionally, a married person’s revocable trust can reduce the combined estate of husband and wife in much the same way as trust provisions in a will.

Trusts Under Will / Testamentary Trust

With a Trust Under Will, you continue to provide financial security to those close to you after your death. Our Trust personnel, your legal advisor, and your tax advisor, can help you establish an estate plan to provide income and support for one or more beneficiaries, such as a spouse or minor child.

A Trust Under Will provides added reassurance that after your death, your funds will be managed, invested and distributed in a manner, which meets with your pre-established goals, and in a way that benefits your loved ones.

Estate Settlement

First National Bank can serve as Personal Representative for your Estate. As part of these services the details of probate, inventory, safeguarding of assets, collection of debts, filing of tax returns and distribution of assets will be handled efficiently and professionally. This can relieve your family or friends from the burden of dealing with these unfamiliar tasks.

Conservatorships

A Conservator is a Court Appointed Manager for an individual who cannot handle his/her own financial affairs because of age or illness. Under a typical Conservatorship, the First National Bank manages the assets including investment of funds and payment of money for the benefit of the individual.

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Investment Accounts

These types of agreements consolidate investment advice, record keeping, safekeeping of securities, collection of income and bill payment. First National Bank and Trust Co. collects interest and dividend payments in a money market account or as you direct. For your convenience, you receive one comprehensive report on a periodic basis detailing all of your investment activities. Plus, you are assured that the confidentiality of your portfolio is preserved.

Management is the key component of this program, which makes it our business to care for our clients’ property, in trust or otherwise. In addition, experience has shown that by employing professional investment assistance, you are better equipped to cope with inflation, obsolescence and other adverse factors that can erode capital and reduce the purchasing power of your funds all for a fee which is surprisingly affordable when compared to other investment management alternatives.

First National Bank will analyze and create a strategy that best fits your individual circumstances. This may include traditional stock offerings, both U.S. and overseas equities, mutual funds, real estate, and bonds*. Together we will consider your goals and objectives, time horizon, income requirements, beneficiary concerns, tax situation* and liquidity constraints to create an account that is best for you. If a Managed Investment Account is best for you, we will manage your account in Conservative, Moderate Conservative, Moderate Aggressive, or Aggressive investments depending on your risk tolerance. Or, if you choose to make all the investment decisions yourself, you can open a Custodial Investment Account. We are not tied to any one broker, we go out into the market place to find you the best value. In short, every aspect of your current circumstances and projections for the future are considered.

*Consult your tax advisor

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Freedom Accounts

A Freedom Account is a simple and affordable account that is easily customized for your individual and family needs. If you are a soldier who is deployed or about to be deployed and do not have a reliable person you can really trust with your funds, this account is for you.

First National Bank & Trust can be named as your Power of Attorney to transact your financial affairs if you are unsure about the knowledge and expertise of your spouse, parent, or significant other to manage your money and personal affairs the way you see fit while you are deployed. First National Bank & Trust has legal obligations to follow your instructions, investment expertise to protect your assets and offer financial assistance if you request. Once you are back home you can take over these responsibilities or let First National Bank & Trust continue to manage part or all of your assets.

This account can be specifically configured to pay your bills, invest for your future, or take care of your loved ones while you are away. First National Bank’s Freedom Account can be tailored for whatever needs you might have. See a Trust Department representative today.

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Self-Directed IRAs / IRA Rollovers

A First National Bank IRA is one of the easiest ways to save and earn interest to retirement. A self-directed Individual Retirement Account is a great way to maintain the tax-advantaged status of the funds from lump-sum distribution from a pension, 401(k) or similar tax-deferred* retirement plan. It provides for the investment of funds in stocks, bonds and mutual funds in addition to bank CDs. Minimum deposits may apply.

First National Bank also serves as custodian for IRAs with alternative investments such as Real Estate, and various other unique assets or business interests.

*Consult your tax advisor.

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Other Services

First National Bank offers a full range of trust financial and retirement plan services. We welcome the opportunity to meet with you to discuss the advantages of having your account with us.

With the exception of bank CDs, all investments available through the Trust Department are not bank deposits, not FDIC-insured, and are subject to investment risk including possible loss of principal.*

We hope the following on-line calculators can help solve some of your investment questions.

*Consult your tax advisor.

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