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| Trust Administration |
| Estate Planning |
| Retirement Plans |
| Trust Agencies |
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Trust
Administration |
| An arrangement in which a trustee (for example The Citizens First
National Bank Trust Department) manages property for the benefit of an
individual or organization (the trustor). |
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| Who Can Benefit: |
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- People who need assistance managing financial affairs
- Those who want to keep family assets intact for future
generations
- Families who want to reduce exposure to estate and inheritance
taxes
- Clients who want to pass assets to a charitable organization
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| Examples: |
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- Revocable Trust - can be changed at any time
- Irrevocable Trust - cannot be modified in any way; all title to
assets are in the name of the trust, which will be passed on to
future generations, as designated.
- Living Trust - effective during the trustor's lifetime; usually
revocable
- Testamentary Trust - established via the will of a deceased
person, ensuring property will be administered in accordance with
his or her wishes
- Charitable Trusts/Foundations - created for the benefit of
charitable organizations
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Estate
Planning |
| Investing, managing, and administering a client's property to
maximize its income and growth potential for the benefit of future
generations. |
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| Who Can Benefit: |
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- People who need professional assistance in managing and
protecting property
- Those who want to minimize the impact of estate and inheritance
taxes
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| Examples: |
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- All of our trust products can be used selectively to help you
accomplish your estate planning goals.
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Retirement Plans |
| Financial programs designed to provide a vehicle for retirement
savings. |
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| Who Can Benefit: |
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- Individuals who need a resource for retirement income
- Self-employed business owners
- Businesses
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| Examples: |
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| Individual Retirement Accounts (IRA's) |
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- Traditional, Roth, Education and Rollovers - offering tax
advantages for the individual
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| Business Programs |
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- Simple IRA - employee salary deferral plan that requires a
limited small business employer contribution
- Simplified Employee Pension (SEP) IRA - a plan established by a
small business employer to provide retirement benefits for employees
- Profit Sharing and Money Purchase Plans - benefits for the
self-employed business owners or the large employer business
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Trust
Agencies |
| Let our experience work for you! |
| Would you like to enjoy retirement without the hassle of finding
time to pay your bills and manage your investments? Try an agency
account with The Citizens First National Bank's Trust Department. Some
of the benefits of a trust agency include... |
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- You will receive a monthly statement of assets and activity
- Enjoy peace of mind knowing that your bills are paid when away
from home
- Avoid tax hassles - Let us track your investments and prepare
the workpapers for you and your tax professional. Tax time will be a
breeze.
- Staff of professionals who work together to take care of your
investments
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