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Wealth Management & Investments

Personal Accounts

Our Trust Department is comprised of professional individuals trained to help you manage your investments. We offer a broad range of trust and custody services to individuals just like you. Our team of experts will work together to provide the financial service and the personal attention that you expect. Please Contact Us today for more information.

Here is some information on the services we provide:

Custodial Accounts

This account type gives investors complete control of their investment decisions without the headache of handling the paperwork.

Ability to choose different types of investments such as mutual funds, stocks, government securities, or certificates of deposit
Diversify and change your investments as often as you choose to optimize your return
We provide various bookkeeping services, including:
- periodic consolidated statements
- collection and distribution of income
- details of purchases and sales of securities
- notification of all transactions
- year-end tax information

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Management Accounts

This account type is for investors who may not have the time or expertise to manage their own investments.

We assist you in the design and implementation of an investment portfolio based on your goals and objectives.
We follow an investment strategy designed according to your investment style, goals, and tolerance for risk
We provide various bookkeeping services, including:
- periodic consolidated statements
- collection and distribution of income
- details of purchases and sales of securities
- notification of all transactions
- year-end tax information

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Individual Retirement Account (IRA)

An IRA is one of the best ways to build wealth and save for retirement. Established by Congress, they encourage people to save for retirement so they will not have to rely on Social Security and employer retirement plans as their sole source of retirement income.

Traditional IRA

Tax-deferred retirement savings
- Contributions may not be tax deferred depending on how much you earn and whether you also participate in an employer-sponsored retirement plan
IRA owner must have earnings from employment to make contributions
Contribution limits may apply

Roth IRA

Contributions are not tax-deductible
Growth is tax-free
Qualified distributions are tax-free
IRA owner must have earnings from employment to make contributions
Contribution limits may apply

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Trust Services

This service helps protect and transfer your assets while giving you flexibility in how you use and disburse them both while living and after death. We help structure and manage the administration, including Living, Testamentary, Revocable, and Irrevocable Trusts. Because a trust is a legal arrangement, we (the trustee) are able to hold and manage property you place in trust strictly for the benefit of you and your beneficiaries.

Control your current and future finances
Meet arranged goals such as:
- Financing your children’s educations
- Supporting an elderly relative
- Making charitable bequests
- Saving on estate taxes
- Managing your assets if you are disabled
- Providing investment management for your family after your death

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Guardianships

Court-ordered guardianships protect the estates of those who are unable to handle their own financial responsibilities, typically children or disabled adults.

We administer funds to ensure financial needs are met until the customer reaches a legal age or, in the case of special children and disabled adults, for the rest of their lives.
As an experienced provider of impartial guardianship services, we provide services such as:
- Payment of bills and ongoing expenses
- Determining overall cash flow requirements and living expenses
- Establishing a monthly budget
- Investing and managing all assets, including real estate

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Coverdell Education Savings Account (CESA)

This special trust account is designed to accumulate funds for a minor to be used primarily for educational expenses.

Annual contribution limit of $2,000 per beneficiary from all contributors
Not tax-deductible, however distributions can be excluded from the income of the beneficiary if the amount does not exceed qualified expenses of the student.
Contributions can be made by an unrelated individual
Designated beneficiary can generally be changed without consequence if both beneficiaries are in the same family.
Qualified expenses include elementary, secondary, and post-secondary education expenses at an eligible educational institution.

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Estates

Estates are comprised of all the assets the individual possesses at the time of death. By designating us as executor of your will or as agent for the named executor or trustee, we can relieve the appointed person from the tedious duties of which they are charged.

We are experienced in winding-up the deceased individual’s finances so the estate may be settled.
We are prepared for the:
- Safeguarding of your assets
- Collection of income
- Investment of funds
- Filling out required reports and tax returns

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Escrow Services

We can serve as an independent third-party to hold money or other property in situations where an independent third-party is needed.

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1031 Like Kind Exchanges

When you and your tax consultant have decided that a 1031 tax-deferred like kind exchange is best for you, we will see to it that the transaction proceeds according to your plan.

Used to defer gain or loss on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged for similar property.
As a Qualified Intermediary, we prepare the exchange agreement and provide you with forms and reminder letters to simplify the process.

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Non-deposit investment products are not insured by the FDIC; are not deposits; and may lose value.