A trust is an arrangement to manage and protect assets for the benefit of one's self or others. Created by a written agreement which clearly outlines the trustee's responsibilities, it also identifies those who share in the benefits. Under this agreement, the bank serves as the trustee of the assets managed.
When you name First Financial Trust & Asset Management Co. as trustee, we first seek to understand your financial needs and goals. Next comes a careful review of options available. After much listening and understanding, investment guidelines are prepared for your approval. Care, diligence, confidence, prudence - the watchwords of quality service at First Financial Trust & Asset Management Co.
Certain trust agreements are created to take effect during one's lifetime; others are designed to become active only upon death.
Some trusts can be changed at a later date while others cannot. These and other options are carefully reviewed with you so you can choose the trust arrangement best suited to your needs.
Advantages of using First Financial Trust & Asset Management Co.:
- Bookkeeping and safekeeping of financial records;
- Documentation and comprehensive reporting;
- Professional investment advice/management;
- Prompt credit of income to trust account;
- Cash flow maximum.
Learn more about Trust Services by clicking here.