Trust Services
About
The Trust Department at First American Bank & Trust understands that estate planning requires thoughtful consideration and care. We offer the comfort and security of knowing that your assets will be managed, protected, and transferred in an orderly and cost-effective manner. Whether we serve as Executor, Co-Executor, Trustee, Co-Trustee, Successor Trustee, Agent or Custodian, First American maintains an unbiased approach to ensure your wishes are carried out and your legacy preserved.
View your investment portfolio online to track performance. To enroll, or if you have problems logging in, please contact: trust@fabt.bank
A Trust is a financial arrangement where you, the Grantor, transfer the legal title to your property to another, the Trustee, which then manages the property for you, for members of your family, or for any other beneficiary (person or organization) you might designate.
First American Bank & Trust provides comprehensive services as a Trustee.
An Executor is the representative you have named to carry out the instructions you have outlined in your Will. While many people nominate a family member or a friend to serve in this position, there are reasons to consider naming First American Bank & Trust to serve in this capacity or as Co-Executor:
- The Bank is an established member of the financial community.
- Professional Executors are held to a higher standard than individuals. The Trust Department is trained and experienced in estate administration and performs these types of functions daily.
- Accurate record keeping is essential in proper estate administration, as is clear and concise reporting of information. Our Trust Department has the tools and the experience required to provide information in a format that is easy to understand.
- By appointing our Trust Department, impartiality and objectivity will be maintained through the administration process.
Your financial future is at the heart of what we do. At First American, we take an integrated investment management approach. You can expect personal attention, access to a broad range of services, and competitive investment returns with the convenience of investing at your hometown bank. The Trust Department offers customized investment strategies suited to each client’s goals.
A secure retirement is on the mind of every worker. And now, because we live longer, healthier lives, we can expect to spend more time in retirement. That makes planning more important than ever. We have the experience and the time-tested ability to help you reach those goals.
- Inherited IRAs
- Traditional IRAs
- Roth IRAs
A 1031 exchange is an IRS-approved strategy that allows real estate investors to defer capital gains taxes by reinvesting the proceeds from a sold investment property into a new, like-kind property. The Trust Department at First American can serve as a Qualified Intermediary for approved 1031 transactions.