Trust Division

Our Trust Division manages approximately 66 million in assets seperate from bank deposits and operations. The role as fiduciary is taken very seriously and we stand prepared to provide information and assistance to any customer.  The best process is to arrange an appointment to see a Trust Repesentative and schedule a no cost discussion.

Our goal is to listen to YOU and make sure we provide guidance in accordance with your wishes.  Please drop in or call to begin or improve your wealth management plan.

No Cost — No Pressure — Hassle-Free Consultation! Call for an appointment today.

Special needs call for special solutions. Many personal financial objectives extend well beyond those that investment services cover. A trust can be a special tool that lets us help you with goals such as:

• Financing your children’s or grandchildren’s education
• 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

A trust is a custom legal arrangement you create so we – as trustee – can hold and manage the property you place in the trust. We care for the property strictly for your benefit and/or the benefit of another person or persons you choose – the beneficiaries. And we follow your guidelines on how to manage the property. You can have your trust take effect during your lifetime – a living trust – or under a provision in your Will – a testamentary trust. A living trust can continue after your death if that is your choice when you establish your trust. This can allow uninterrupted assets management and financial protection for your family. Such a trust need not mean losing control over your assets, because you can set it up with the option to amend or end it at any time.

Experience
How effective and helpful a trust is relates directly to the trustee’s performance. Our experience in managing trusts is both long and varied. We are skilled in administering all types of trusts. We will provide professional asset management, knowledgeable tax preparation, and thorough administration for any trust you decide upon.

Our duties as trustee include:

• Investing the trust assets
• Distributing income and/or principal to the beneficiaries
• Making tax decisions for the trust and filing the trust’s income-tax returns
• Keeping records of all transactions
• Preparing statements of account
• Assisting your beneficiaries with advice on day-to-day financial matters, explanations of the trust’s operation, and answers to their questions

No Cost — No Pressure — Hassle-Free Consultation! Call for an appointment today.

We focus all our investment decisions on meeting your individual investment objectives. Because no stock-selection style can be appropriate in all market environments or for all clients, we use no one investment “style”. Instead, we fit our investment choices to your specific objectives within the dynamics of the current investment environment.

Client Relationships Are Unique
We will implement your investment program only after we understand your investment objectives and document them in an Investment Guidelines Statement. Our goal is to consistently meet or exceed your investment expectations, working within your Investment Guidelines Statement. Communication is a key component of our personalized investment management approach.

We strive to maximize your investment returns within the guidelines that we establish together for your portfolio.

Our Promise To You
How effective and helpful a trust is relates directly to the trustee’s performance. Our experience in managing trusts is both long and varied. We are skilled in administering all types of trusts. We will provide professional asset management, knowledgeable tax preparation, and thorough administration for any trust you decide on.

Quality is the overriding tenet in our investment process:

• We will take considerable care in managing your assets, diversifying them among stocks to meet longer-term growth objectives and bonds to provide current income.
• We also may use mutual funds or our collective investment funds when appropriate.
• Our major stock selection factors include industry outlook and the prospect for growth of cash flow, earnings, and dividends.
• Price is another major consideration in our stock purchases.
• Tax consequences are an important factor in managing your portfolio.
• Custody

We also will monitor your portfolio on a regular basis to ensure it is consistent with your established guidelines and make any adjustments necessary to respond to changes in your objectives or situation.

No Cost — No Pressure — Hassle-Free Consultation! Call for an appointment today.

A customized and personal approach to the financial management of your assets

What does financial planning mean to you? Financial planning means different things to different people. But the benefit of having a trusted advisor to go to when you are uncertain about your financial issues is consistent among our clients. Park State Bank & Trust is available to help you during these times of uncertainty.

Discover how we can bring precision and focus to your financial picture and dispel the confusion that complicated financial arrangements can cause by reading the following topics:

We evaluate your financial well being and build a plan. Financial planning reflects what you want out of life — and how you want to be remembered. Our financial planning service integrates all aspects of your financial life and provides you with objective analysis, specific advice and implementation support to help you reach your goals. To create your plan, we go through a comprehensive six-step process:

Six-Step Process (We Listen to You)

• Set goals
  We help you identify both short-term and long-term goals to be the guide posts for your financial plan.
• Gather information
  We gather data ranging from your assets and liabilities to your estate documents. We take the time to get to know you and learn about your risk tolerance and lifestyle.
• Analyze and evaluate your situation
  We will show you how your current situation relates to your stated goals.
• Provide recommendations and alternatives
  We will research and consider alternative strategies before making recommendations to you. Together, we will discuss and agree upon the actions to implement.
• Implement your plan
  Our role is to make sure your financial plan is implemented in a timely manner. We will work with you, your Park State Bank & Trust service team, and your outside advisors to execute your plan.
• Monitor and evaluate
  Your plan will be reviewed and updated annually. We will monitor your progress toward your goals throughout the year and generate new ideas as your financial life evolves.

No Cost — No Pressure — Hassle-Free Consultation! Call for an appointment today.

We will help you find the retirement plan that meets your investment needs.

Whether you are opening an Individual Retirement Account (IRA), making an annual contribution or consolidating retirement accounts into a trust, Park State Bank & Trust can help you find solutions for handling your retirement investments. By choosing Park State Bank & Trust as your retirement partner, you have the support of one of the most respected asset managers in the country.

Taking into consideration your investment objectives, we can offer a number of alternatives designed to meet your particular retirement goals.

Park State Bank & Trust provides fiduciary and personalized asset management capabilities to meet your IRA Rollover Trust requirements. Our portfolio management services give you peace of mind with day-to-day management of your assets. We will work closely with you to create an investment strategy to meet your retirement goals.

Rollover Trusts:
Investors with substantial IRA accounts at other institutions can consolidate those accounts into a Rollover Trust.

Private Banking IRA:
If you want an IRA through our banking services, we offer CDs and Premium Money Market Deposit Accounts that are FDIC-insured.

Self-Directed IRA:
A Self-Directed IRA is ideal for those individuals comfortable with making their own investment decisions.

Traditional vs. Roth:
As you compare your options, keep in mind that although Traditional and Roth IRAs are both tax-deferred, there are significant differences between them.

The Park State Bank & Trust Difference
In an ever-changing business and legal environment, your relationship manager and supporting team understand your financial goals and are committed to providing you with the best solutions for your needs. No matter which investment alternative you select, you receive the quality service that has been the standard of Park State Bank & Trust.

No Cost — No Pressure — Hassle-Free Consultation! Call for an appointment today.

Passing on your assets is an important part of your financial planning. To successfully transfer your assets as you wish requires both a Will and a skilled executor.

Through our estate settlement services, we administer your estate and take it through the complexities of probate. Our estate and tax-preparation experience lets us settle your estate without unnecessary delay and minimizes disruption for your heirs and the estate-tax liability.

An executor (or personal representative) has many legally defined duties, including:

• Arranging for probate
• Collecting, inventorying, valuing, and protecting your assets
• Sales of assets during the estate administration period
• Accurate recordkeeping
• Paying estate taxes, expenses, and debts
• Preparing and filing income-tax and estate-tax returns
• Distributing estate assets to heirs
• Following the directions in your Will

Each estate is different, with varying administrative requirements. An executor needs a working knowledge of:

• Probate procedures
• Federal and state tax laws
• Accounting principles
• Investment management
• Real estate management and sales

We are experienced, professional executors with the skills to handle your entire estate settlement. But you may feel that the personal insight of a family member or friend is also important. We can serve as co-executor with that person, sharing responsibility for estate decisions while relieving the co-executor of the administrative and technical duties.

Keep in mind, too, that you may someday be named as executor of a family member’s or friend’s estate. We can help by serving you as agent for executor to take care of the estate’s administrative duties, including:

• Record keeping
• Tax return preparation and filing
• Custody and sale of securities
• Probate and beneficiary reporting
• Real estate management and sales

You retain responsibility for all the decision making, including investment management of the estate’s assets.