Peace of mind, personal attention and financial strength. At Bank of Pontiac, we know how important these issues are when you're considering a trust relationship, and we understand the importance of building and protecting your finances for yourself and your loved ones. Our trust professionals can help you navigate through what can seem to be a complicated process, ensuring your wishes are carried out thoughtfully and expeditiously. Below, you will find a brief description of some of the capacities used in providing trust services.
Types of Trusts
Revocable Living Trust
Trusts created during the lifetime of the grantor are called living trusts. Assets may be added to or removed from the revocable living trust and you may alter or revoke the trust at any time during your lifetime. As trustee, Bank of Pontiac would manage the assets per the trust agreement. You may also act as your own trustee, but name the Bank of Pontiac as successor trustee in the event of incapacity, death or resignation.
A trust created by a provision in a will. Property is held and managed for
the named beneficiaries. A testamentary trust can provide asset protection and
investment management services for the beneficiaries.