A trust ensures your estate and assets reach the people and organizations that matter to you. When you establish a trust, you are transferring assets to a trustee of your designation who will manage them during your lifetime. This trustee can be First Bank & Trust or another person.
With objectivity and foresight, our advisors address your and your beneficiaries’ needs. We provide trust administration services for:
- Revocable living trusts
- Special needs trusts
- Irrevocable trusts
- Dynasty trusts
- Life insurance trusts
- Change of situs trusts
- Charitable trusts
- Testamentary trusts
Comprehensive management services for complex assets. Contact our wealth management team to learn more about our special management areas.
- Real estate assets
- Closely held assets
- Oil, gas, and mineral rights
- Loan assets
Ensure your instructions are carried out as planned. With First Bank & Trust as executor or personal representative, your beneficiaries will receive expert personal attention throughout the administration of your estate. Our administrators are the primary contact for beneficiaries, attorneys, and other parties involved. We take on all the responsibilities that come with settling an estate.
- Collecting and valuing assets
- Paying debts, expenses, and taxes
- Preparing the estate tax return
- Account administration
- Claims processing
- Periodic statements
- Deposit and wire services
- Custody of estate assets
- Collection of income (interest, dividends, rents, royalties, etc.)
- Daily investment of principal and income cash
- Distributing property according to the instructions in your will
Elect First Bank & Trust as trustee to relieve stress with day-to-day finances. We can disburse money from accounts and handle personal money matters, including:
- Medical insurance management
- Financial management
- Bill paying
- Annual tax preparation
You direct your investments while we handle the safekeeping. We take care of all routine investment duties, collect your matured or called bonds, and sell or exercise stock rights on your behalf. Monthly or quarterly, we collect and remit income and report on all transactions. At the end of the year, we provide you with a complete tax ledger—making your tax return filing that much easier.