Trust Administration

We administer trusts established by wills, life insurance trusts, as well as irrevocable and revocable living trusts.  If you are interested, please contact our Trust Department.

Please note that Investments and Advisory Services are: 

Not FDIC Insured | Not Bank Guaranteed | Not a Deposit | Not Insured by any other Federal Government Agency | May Lose Value


A trust is an arrangement by which you transfer legal title to your assets to a trustee, in this case the Trust Department of First State Bank & Trust. The trustee agrees to manage the trust assets for your benefit and/or your beneficiaries. A living trust is simply any trust a person creates during his or her lifetime.

You and your attorney would prepare a trust agreement in which you tell the trustee what you want done during your lifetime and what you want done following your death. You set the terms of the trust, and there are a multitude of possible variations.

The trust can be revocable, which means you can revise it (or even terminate it) at any time as your circumstances change. Some people prefer, for tax reasons, to create an irrevocable trust. As the trust creator, you make the decision, as well as directing all other terms of the trust agreement.

It does seem like a big step to transfer title to your assets. However, when you set up the trust agreement, you decide how your assets will be administered. In a revocable trust, you can retain total control over the investment process and every other matter relating to the trust property. And when you name First State Bank & Trust as trustee, you know you are working with an organization you can "trust," for that's exactly what a trustee is supposed to be.


Many people use living trusts to manage their assets because they are too busy with their careers, traveling, or enjoying retirement to handle the everyday details of their portfolios. Others use living trusts to provide for the care of a loved one. Some set up a living trust in order to be prepared for a prolonged illness or disability. A trust can be set up so that you retain control of the assets during your lifetime, and have the comfort of knowing that after your death, your loved ones will have the immediate benefit and convenience of professional management of those assets.