Establishing a trust can provide significant benefits during your lifetime and beyond. Trusts can help you manage your property and assets, make sure they are distributed after your death according to your wishes, and save your family money, time and paperwork.

The Trust Department at First State Bank and Trust provides trust services in the following capacities:


As trustee, the Trust Department has a fiduciary responsibility to act in your best interest, while managing your trust assets according to the terms of your trust.


You share fiduciary responsibility with the Trust Department to manage your trust and any assets held by the trust.

Successor Trustee

The Trust Department assumes fiduciary responsibility for the management of your trust assets in the event of your death or incapacity.

We also offer these personal trust services:

Living Trust

Living Trusts enable you to maintain control over your assets while you are living, and specify exactly how those assets are to be distributed upon your death. It provides reliable, professional management of your assets, in accordance with your wishes, should you become physically or mentally incapacitated. Assets held in trust are not subject to the delays of probate court. They are distributed as soon as possible following your death. Furthermore, the details of a trust remain private, while a will is a public document.

Testamentary Trust

Testamentary Trusts are established under the provisions of your will. The actual trust relationship is implemented only after your death, for the purpose of executing the distribution of your assets, as instructed in the will.
Irrevocable Life Insurance Trust
Irrevocable Life Insurance Trusts are for people who have wealth tied up in non-liquid assets, such as real estate, an irrevocable life insurance trust provides non-taxable funds that can become quickly available to meet immediate estate needs.

Charitable Trust

Charitable Trusts provide a means of ensuring the fulfillment of your philanthropic wishes. The initial contribution to the trust, often highly appreciated stock, can be claimed as a charitable contribution. The trust can sell the stock with no tax implications and diversify the proceeds among other assets. A Charitable Remainder Trust provides income to you during your lifetime, and the remainder passes to one or more designated charities upon your death. Other types of charitable trusts are available as well.

Special Needs Trust

Special Needs Trusts can help provide supplemental financial support for a disabled person without jeopardizing qualification for government assistance. Such trusts can provide for a variety of vocational and recreational services, supporting the individual's dignity and improving his or her quality of life.

Estate Administration

Being named the Executor or Personal Representative of an Estate can be a very time consuming job, and one our trust department is uniquely qualified to perform so that your estate can be administered efficiently, promptly, economically and fairly.

For more information contact our Trust Services Department at 651.351.3760 or email us.

*Products are not a deposit or other obligation of, or guaranteed by, the bank or any of its affiliates. They are not insured by the FDIC/NCUSIF or any other agency of the United States, the bank, or any of its affiliates. There is investment risk including the possible loss of value.


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