Trust Administration

The responsibilities you entrust to a bank fiduciary are important and significant and should always reflect the best interest of you, the client. This is the standard of German American's Wealth Advisory Team when you choose us to execute your trust plan. You'll appreciate the individualized, compassionate approach we use with each individual, family, and institution we serve.

Like a will, a trust is a written document that transfers property. A will is a statement of what you want to happen to your possessions after you die, a trust is a multipurpose tool that you can establish at any time to:

Manage your property
Distribute assets to your beneficiary
Avoid probate
Save on taxes

Benefits of creating trusts:

Leave assets tax-free by taking advantage of the federal unified tax credit
Provides income to one person during his or her lifetime and eventually, what is left to others
Protects assets rather than leaving them outright to heirs
Receive a reliable professional investment

As the person creating the trust you:

Decide the terms of the trust
Name the beneficiaries
Decide which property will be included
Choose the trustee who will control it
Specify how the trust's assets will be paid to your beneficiaries and how long the trust will last

All of this information will be contained in the trust document, which should be drawn up by your attorney as you don't want to run the risk of writing your own document. Partnering with other financial experts, such as attorneys and accountants, ensures that our Wealth Advisory Group clients receive the maximum benefit of their relationship with us. We welcome clients involving their family attorney, accountant, or other trusted advisor. Working together, we meet clients' goals - and ultimately that's what matters.