There are times when a person requires answers and guidance from financial experts. The Farmers Bank and especially the people in the Trust and Management Department offer a large bank's professionalism and solid financial knowledge with a small bank's friendliness and personality.
Just like previous generations of our family, we’ve found The Farmers Bank a great place to do business. Each of us has been away from Frankfort for 40 years but have yet to find another bank that provides the kind of responsive and thoughtful service that we’ve experienced with The Farmers Bank.
Matt and Lynn Maish
Beverly and I have been customers of The Farmers Bank for 24 years. We have received excellent professional advise from the staff of the Trust Department and achieved excellent results. Even though we have retired to Florida, we are happy to have the professionals at The Farmers Bank still managing our assets. They are customer focused and respond quickly to our needs.
Terry and Beverly Brewer
Tamara S. Moss
Vice President and Manager of Trust Services
Matthew A. Wyman
Personal Trust Officer
Lori S. Davis
Trust Administration Officer
Trust Investment Officer
When taking care of what matters most is your priority, you sometimes need a partner to help accomplish your goals. Advice and guidance are helpful when it comes to:
The Farmers Bank Trust and Asset Management Division can guide and help you in these areas, and more. We want to partner with you to learn about your financial goals and help create a plan to get you where you want to be. We are a local bank with local roots dating back to 1876. When you need access to financial expertise and guidance, give us a call. We’ll help you take care of what matters most.
A revocable living trust is a very effective way to manage what matters most to you during your lifetime. A revocable living trust can help you by:
Flexibility, control, and management of your assets during your lifetime are very valuable and important aspects of creating and funding a revocable living trust. You may have full access to and control of your assets. As trustee, we provide guidance and expertise in the management of your assets. A revocable living trust can also provide you with peace of mind by knowing that your assets will be taken care of and managed according to your wishes, should you not be able to make those decisions on your own. This type of trust can also help you in the following ways:
The Farmers Bank Trust and Asset Management Division can help you when it comes to taking care of what matters most, by serving as trustee of your revocable living trust.
An irrevocable trust can provide many benefits, such as:
A limited and supervised distribution of assets assures that the grantor’s wishes are carried out as they had planned. Careful planning and consideration should be used when establishing an irrevocable trust, as it cannot be amended once it has been put into effect. The Farmers Bank Trust and Asset Management Division can serve as trustee of an irrevocable trust. We welcome the opportunity to help you preserve and distribute your assets according to your wishes.
A testamentary trust is created as part of a person’s will. A testamentary trust does not become effective until a person dies. This type of trust is a set of instructions contained in a will that directs asset distribution upon their passing. Unlike an irrevocable trust, a testamentary trust can be modified while the person is living. However, once the grantor dies, the trust becomes irrevocable. Testamentary trusts are yet another way that we would be happy to serve as trustee, taking care of your estate planning needs.
An irrevocable life insurance trust is a very powerful estate planning tool. It can provide a death benefit upon the insured person’s death that can potentially avoid estate taxes. The Farmers Bank Trust and Asset Management Division performs many duties where irrevocable life insurance trusts (ILIT’s) are concerned. If an ILIT is an estate planning tool that you would like to take advantage of, we can help.
Taking care of what matters most to you is a priority. Sometimes, this priority involves planning for the care of a child or loved one who cannot do so on their own. A special needs trust can provide you with peace of mind in many areas. They can provide:
When your family or loved ones are involved, their care is your priority. We want to help by making them our priority, too.
When it comes to planning for charitable giving, a charitable trust can be an extremely beneficial financial tool. A charitable trust can help by:
Identifying what matters most is important to you. The Farmers Bank Trust & Asset Management Division can assist in taking care of what matters most.
Click here to download Are You Familiar with Charitable Trusts (PDF)
Estate administration can be confusing. Many factors should be considered when choosing an executor for your estate. Some of those factors are:
The Farmers Bank Trust and Asset Management Division is highly experienced in all areas of estate administration. We welcome the opportunity to put our experience to work for you.
As guardian of an estate, we are responsible for the financial aspects of a person’s life. Someone who might otherwise not be able to handle their finances on their own can benefit from working with us. As guardian, we are required to adhere to specific accounting and accountability practices, as governed by Indiana law. The Farmers Bank Trust and Asset Management Division can provide efficient and thorough administration of guardianships.
A Section 1031 exchange can be another very valuable tool in asset management. It can provide a major tax advantage via deferring taxes on property exchanges. We can serve as intermediary for Section 1031 property exchanges.
Escrow accounts are sometimes necessary when two or more entities (persons, corporations, other businesses, etc.) need a third party to hold and possibly manage assets, until specific terms of an escrow agreement are met. The Farmers Bank Trust & Asset Management Division can provide you with the record keeping skills necessary to efficiently manage your escrow account needs.
Self-directed IRA’s can provide you with an opportunity to invest your retirement funds in stocks, bonds and mutual funds of your choice. Self-directed IRA’s can be tailored to fit your needs, because you direct the investments. IRA’s are an effective way to help plan for your retirement. We can assist you in establishing a self-directed IRA.
Our asset investor accounts provide you, the investor, with an opportunity to invest your funds in the stocks, bonds and/or mutual funds of your choice. We provide the access to these investment vehicles for you. We’ll keep you updated on the status of your investments through your statement notices, and if you see a need to make some changes in your portfolio, just give us a call. We are ready and willing to help you accomplish your investment objectives.
Our managed investment agency accounts allow you to draw upon our sources of research and analysis to manage your investments for you. The investment decisions we make for your account, or submit for your approval, represent our independent judgment of the best course of action for your portfolio based on your objectives, risk tolerance, and the market forecast. We are ready and willing to help you accomplish your investment objectives.
*Not FDIC insured, May lose value, Not financial institution guaranteed, Not a deposit, Not insured by any federal government agency.