* “These products are not FDIC-insured. These products are subject to investment risks, including possible loss of the principal amount invested.”
Carroll Bank & Trust has provided this link to Raymond James Investments, Inc. (Member NASD/SIPC) for your convenience. In no way do we guarantee the quality or content of this website.
Carroll Bank & Trust has a Full-Service Trust Department. Why not check on the benefits of combining our investment management and estate planning expertise.
Advantages of using Carroll Bank & Trust
• By naming Carroll Bank & Trust as Trustee, you can relieve your
spouse and family members from the burdens of asset management and
investment decisions....and you may reduce Federal Estate Taxes as
assets pass from husband to wife and then to children (or vice versa).
• Carroll Bank & Trust Trust Department officers make all
investment decisions within guidelines established by our Trust
Investment Committee. The knowledge and experience of a number
of individuals is brought to each estate or trust investment decision.
• Carroll Bank & Trust will be available to serve as your personal
Representative. Individuals may move away, get sick, or die, but
Carroll Bank & Trust remains accessible, stable, and impartial.
• We work every day with money, stocks, bonds, mortgages, real estate,
and other investments; are familiar with tax and probate rules; and are
accustomed to detailed record keeping. Our Trust Department is staffed
and equipped to perform administrative work.
• A Trust with Carroll Bank & Trust can protect against spendthrift
habits; i.e., we will hold the capital and will pay the income to the beneficiary.
• If you live in Carroll County, your trust affairs will be managed right here in
Carroll County, not many miles away.
When anyone dies, someone must take charge of the deceased person's financial affairs. You may name Carroll Bank & Trust as Personal Representative of your estate.
As Personal Representative, we:
• Assemble and inventory all assets owned by the deceased person
(stocks, bonds, checking account, savings accounts, certificate of deposit,
home, furnishings, auto, notes, etc.)
• Identify and pay all obligations and taxes owed by the deceased person
(household bills, last illness, funeral, income tax, Federal Estate Tax, etc.)
• Distribute the balance of assets to the beneficiaries named in the Will.
• Account to the court and to the heirs for every penny paid out.
WHY A TRUST?
Giving Your Family a Secure Future
You do all you can for your family. You work hard to provide them financial security. You try to make their lives as happy and carefree as possible. You want them to enjoy life with you and with each other. And you want them to continue to be secure, even if you are not around to share life with them.
While you have taken steps to provide them with financial security now, you may not have thought about whom will provide that security if something happens to you. Any death is stressful on family members and friends. Your family may be too grief stricken to handle the responsibilities of overseeing your estate assets.
For example, family members may be too distracted to properly manage and distribute your property. They may not be able to act in an impartial and objective manner. And they may not have the tax and estate-settlement expertise necessary to settle your estate quickly and most cost-effectively. The settlement process could go on longer than necessary and cost you most in taxes and other expenses.