Trusts have important advantages in serving you during your lifetime and as a means of handling your estate and providing for those you care for after death. A trust can be established as an independent tax-paying entity, which provides tax benefits and continuous asset management. A living trust, with Fowler State Bank, will provide you with the following:
Flexibility and Control, during your lifetime you may remove assets at any time, amend terms, transfer, or even terminate the trust at your discretion.
Assets collected and income disbursed from one account.
Complete record keeping, which simplifies the preparation of tax returns.
Continuity of financial management in the event of illness or incapacity.
The comfort of knowing that a trust avoids probate of assets held upon death, which saves costs and assures confidentiality of financial affairs.
The knowledge that a trust may permit significant estate tax savings, while providing for surviving spouse and family.
Professional investment management.
Payment of bills, continued without interruption.
Federal and State tax returns prepared and filed.
For more information, please contact the Fowler State Bank Trust Department at (765) 884-1200 or (800) 439-3951.
