Why use Trust Services? Our experienced staff can develop a plan to provide for you and your beneficiaries. Our unique position also allows us to consult and invest for you on a fee-for service no-commission basis.
When a Safety Net is needed? Having that little extra help can be beneficial. Our staff has the knowledge and expertise to serve as your financial power of attorney and alleviate your worries.
What to do for estate planning? Our Trust Department has the experience to offer sound financial solutions to provide financial security for those close to you.
Why Fort Madison Bank & Trust Co.?
Reasons are many; here are a few:
- You have sold a business or you have received an inheritance. Perhaps you lack the time or the expertise to invest the fruits of your or loved one's labor. See us for a portfolio review and personalized investment Plan.
- You worry about what if something happens to you. It may be concerns about advancing age, debilitating illness, or living alone Our Trust Officers can provide for the management of your finances, specific to your needs.
- You are ready to retire and enjoy life. You have spent your life accumulating assets. Now, you want to create a steady stream of income to replace your earned wages and live comfortably. We can provide the prudent and professional investment management to help you meet that life long goal.
- You have a change in marital status. It may be due to death or a divorce, but suddenly you are on you own and lack the experience to manage money. Financial and estate plans almost always have to be redone. We can be your trusted source of investment advice and expertise. You want to leave as much as you can to your children, favorite charity or both. The value of your home, life insurance, annuities, and assets have grown to the point that you worry about potential taxes and how much will actually pass on to the beneficiary(s). Address your concerns to us, and we will help you find the solutions.
- Your family member will need assistance for the rest of his/her life. Our service can provide for responsible, long term financial supervision For his/her custodial care
Consider the value in our ability to serve as your financial power of attorney by creating a standby trust.
- Worry Free This plan becomes your safety net because it provided for the continuity of money management despite unexpected crises such as disability or incapacity during life.
- Control You have the power to change or end the trust at any time during life. We provide record keeping services, taking over control of assets only when you call upon us or whenever you are unable to act for yourself, like disability or incapacity.
- Peace of Mind Offer much for little cost
Reminders "to do" now:
- Do make a will and regularly review it. Otherwise, in the event of your death, assets will pass on according to state law which may be very different from your desires.
- Do make a durable power of attorney, a medical power of attorney, and a living will. In the event of your incapacitation, these documents provide directions to your agent to follow what you want done during this crisis.
- Do make lists, phone numbers and addresses, for your executor, agent, or heir and tell them where to find them. Names of your attorney, accountant, insurance agent, financial advisor, and bank officer are needed along with your important papers: will, power of attorney, insurance policies, deeds and abstracts and beneficiary forms. A few minutes spent now will save countless hours later for the one responsible for preparing the inventory of your assets.
- Do review and update as needed beneficiary and co-beneficiary designations. Failure to name a beneficiary can result in costly, tax consequences.
- Do review your estate plan with your accountant. Many people fail to plan for the many forms of tax that come their way: Ordinary income, capital gains, generation skipping tax, gift tax, and estate and inheritance tax.
- Do discuss how your assets would be invested on a fee-for-service, no commission basis. This typically means significant cost savings.
As a FMBT trust client you will benefit from...
- An accredited staff with more than 35 years of combined trust service
- Attentive advisors who take a prudent and proactive approach to financial planning and investing.
- Available consultants offering consistent, competent, and highly confidential services.
- A competitive "fee-for-service", commission free policy.
- An accountable, fully bonded staff.
- Linda L. Swartz, Certified Trust Financial Advisor Vice President/Trust Officer
- Ruth E. McKoon, Trust Officer
