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Trust Services
Trust Services

Your Trust. Managed Your Way.

Planning is essential when it comes to your family’s financial future. That’s where the Trust Services Department of Guthrie County State Bank comes in. Our trust experts will help you manage your trust, created by you and your legal advisor, to safeguard your property and ensure that it’s allocated to your beneficiaries exactly according to your wishes.

There are many advantages to having a trust, including:

  • Reducing estate tax liability*
  • Protecting your property and assets
  • Helping you avoid probate
  • Producing needed income for you or your beneficiaries

Trusts

Trusts are financial tools that enable an individual to ensure that any property of value that he or she owns will be allocated to the beneficiaries of their choosing. Such property can be anything of value including cash, real estate, stocks, bonds, mutual funds, insurance policies, private businesses, art, etc. The individual (or grantor) who creates the trust donates these assets to be held in the trust. This same individual determines the terms under which the trust is managed and to whom the trust will benefit.

Trust Services

The complete array of trust management services offered by Guthrie County State Bank include:

  • Trust administration
  • Custody services
  • Trust accounting
  • Record keeping service
  • Portfolio management
  • Investment risk consulting/management
  • Real estate management including farm, commercial and residential
  • Loans, notes and contracts
  • Estate services
  • Trust under will
  • Living trust
  • Charitable trust
  • Retirement planning
  • Conservatorship
  • Insurance trust

Fees for services

  • Trust management services are $75 per hour with a minimum of $500 annually except for farm management and insurance trusts
  • Farm management is 5 percent of the gross income of the property
  • Insurance trust management is $300 annually

Contact Guthrie County State Bank today to ask about our Trust Management Services.

*Consult your tax advisor.