Trusts

Put our expertise to work for your estate

Trusts are helpful asset-management tools for people with personal financial objectives that investment services alone cannot accomplish. When you create a trust, you establish a legal entity to handle a particular aspect of your financial affairs.

The trust officers at Brotherhood Bank & Trust will help you examine your options. We have extensive experience with asset management and are regulated and audited by state and federal agencies.

As a corporate trustee, Brotherhood Bank & Trust can provide you with a high level of reliability and service. We stress the importance of working with family members and welcome relatives as co-trustees. As your co-trustee, we can help make tough decisions while objectively following the instructions outlined in your trust document.

Testamentary Trust

A testamentary Trust or Trust Under Will is created at the time of death and initiated after the probate process has been completed.

Living Trust

The Living Trust is a popular lifetime planning tool. It provides the flexibility to accomplish many objectives. You may choose to delegate as much investment responsibility as you wish. In addition, you have the opportunity to preview the administration of your estate while possibly reaping the advantages of tax planning.

Living Trusts can be revocable or irrevocable. A revocable living trust may be amended or terminated by you at anytime during your lifetime. An irrevocable trust, once executed and funded, may not be amended without a review by the court.

Trust services include:

• Proper transfer of your assets into your trust name
• Protection and safekeeping of your trust assets
• Working with your tax advisor for current and future tax planning
• Private settlement and timely distribution of your trust assets upon death
• Concise record keeping
• Recommendations to achieve your financial goals by monitoring your investments and changes in the financial markets

Brotherhood Bank & Trust is able to provide professional expertise and objectivity, while also providing personal service. If you have specific questions about the process of trust administration or how to work with a professional trustee, come speak with us. We are happy to meet with you in-person to discuss how we can help you to secure your family's future.

Call Amy Walters, Vice President & Trust Officer, at (913)288.3283 to discuss how Trust Services division of Brotherhood Bank & Trust can help you.