Trust and Investment Management Services

 Contact Our Trust Department at:
Local: 570-288-4511
Toll Free: 1-800-447-9464

Our Trust Officers can assist you by providing individually designed plans to provide for the financial well being and peace of mind for you and your family. Talk to us regarding the following:

Custody Accounts:  Our custody services provide safekeeping of the assets, record keeping, income collection and distribution while allowing you to retain control over your investment decisions.

Investment Management:  In addition to providing basic custody services, we offer suggestions on investments after consultation with you to determine risk tolerance and your investment objectives. You have the choice to retain control over the ultimate investment decisions or give that authority to the Bank as your agent.

Guardianship

Minor or Incapacitated Person:  Whether appointed by the court, or by will, we can provide asset management for a young beneficiary or someone otherwise unable to manage his or her own financial affairs.

Trusts

Standby Trust:  This plan allows for creation of the trust document setting forth the terms and conditions that the trustee must follow but does not become operational until either the person creating the trust decides to do so, or it becomes necessary perhaps due to disability or death.  Many individuals choose to fund such a trust with life insurance to provide for family members after their death.

Living or Inter Vivos Trust:  A plan tailored to your specific needs or desires to provide active management for you and your family now and possibly for years to come. This plan can be changed or terminated during your lifetime and offers the ability to see how your family will be cared for when you are no longer able to do so. Also, probate costs of your estate can be reduced through this estate planning tool provided certain provisions are included in the trust document.

Trust under Will:  Unlike the Living or Inter Vivos Trust, this plan is created by your Last Will and Testament and therefore does not become operational until after your death. It cannot provide for you during your lifetime and because it is created by your Will, it cannot reduce probate expenses and becomes a matter of public record. It does, however, provide for your beneficiaries whether they are family or your favorite charity.

Charitable Trust:  There are a variety of plans available to derive tax savings for your estate. One example is the Charitable Remainder Annuity Trust that may provide income for family members during their lifetime with your favorite charity as the ultimate beneficiary. You can provide for your family while leaving a living legacy as well.

Estate Planning/Estate Settlement:  We work with you and your advisors (attorneys and/or accountants) to tailor a plan to provide for the transfer of wealth to your beneficiaries with the least expense and greatest tax savings. As your Executor, our Trust Officers will use their expertise to settle your estate in a professional, timely and unbiased manner.

IRA Rollover:  We will develop a strategy to meet your objectives and protect your retirement funds that are transferred from a qualified plan.

For additional information regarding these services, or to make an appointment with a trust representative, please contact our Trust Department at 570/288-4511 or toll free at 800/447-9464 and request extension 146 or 176.