Trust Services

You're in Control of Your Wealth

Wealth can come from many places, but you decide where it goes. At First Bank & Trust, our wealth management team will help ensure it gets there.

Personal Trust Services

A trust will ensure your estate and assets reach the people and organizations who matter to you. When you establish a trust, you are transferring assets to a trustee of your designation who will manage them during your lifetime. This trustee can be First Bank & Trust or another person.

Our wealth management advisors will provide the objectivity and foresight necessary to make certain that your needs, and those of your beneficiaries, are properly addressed. We provide trust administration services for:

  • Revocable Living Trusts
  • Special Needs Trusts
  • Irrevocable Trusts
  • Dynasty Trusts
  • Life Insurance Trusts
  • Change of Situs Trusts
  • Charitable Trusts
  • Conservatorships
  • Testamentary Trusts

Special Asset Management Services

We provide comprehensive management services for complex assets. Contact our wealth management team to learn more about our special management areas:

  • Real Estate Assets
  • Closely Held Assets
  • Oil, Gas, and Mineral Rights
  • Loan Assets

Estate Settlement Services

Ensure that your instructions will be carried out as planned. With First Bank & Trust as executor or personal representative, your beneficiaries will receive expert personal attention throughout the administration of your estate. Our administrators will be the primary contact for beneficiaries, attorneys, and other parties involved. We take on the all the responsibilities that come with settling an estate: 

  • Collecting and valuing assets
  • Paying debts, expenses, and taxes
  • Preparing the estate tax return
  • Account administration
  • Claims processing
  • Periodic statements
  • Deposit and wire services
  • Custody of estate assets
  • Collection of income (interest, dividends, rents, royalties, etc.)
  • Daily investment of principal and income cash
  • Distributing property according to the instructions in your will

Personal Financial Services

Do you or a relative need help with day-to-day finances? By electing First Bank & Trust as trustee, we can relieve your stress by disbursing money from accounts and handling your personal money matters, including:

  • Medical Insurance Management
  • Financial Management
  • Bill Paying
  • Annual Tax Preparation

Custody Services

With First Bank & Trust's custody services, you direct your investments while we handle the safekeeping. We will take care of all routine investment duties, collect your matured or called bonds, and sell or exercise stock rights on your behalf. Monthly or quarterly, we collect and remit income and report on all transactions. At the end of the year, we provide you with a complete tax ledger—making your tax return filing that much easier.

Investment management accounts that include non-bank products are not FDIC insured, are not deposits or obligations of, nor guaranteed by, the financial institution or any government agency and may be subject to investment risks, including possible loss of the principal invested.