What are Trusts?

The Citizens-Union Trust Department offers a broad selection of trust services:

• Living and Testamentary Trusts
• Guardianships and Conservatorships
• Investment agency accounts
• Custodial agency accounts
• Estate Settlement Services
• IRA Rollover Accounts
• 401(k) plans and employee benefit accounts.

Trust Department clients at Citizens-Union benefit from all the resources within the Bank.

Defining a Trust

Trusts are the means for assuring that your property will be handled, and ultimately passed on in the way you wish. A trust is a transfer of the legal title of property to a trustee, while the benefits belong to the beneficiaries. The trustee has the duty of managing the property in the best interests of the beneficiaries. Therefore, it becomes necessary to pick a trustee that you really trust.

Advantages of a Trust

Trusts provide assistance and protection for your beneficiaries. Helping your heirs invest and manage the estate, trusts ensure that your property passes on as you wish. And in many cases, a carefully structured trust can save your beneficiaries costly taxes.

The Trustee

At Citizens-Union our trust officers have years of experience and training in administering all kinds of trusts. They are responsible, impartial and have the entire resources of our institution behind them. Look into a trust. It will save your family money while offering security.