Legacy

While it may be uncomfortable talking about end-of-life objectives, it is necessary to have plans in place and be prepared. When it comes to having those difficult conversations, our Wealth Advisors are skilled and knowledgeable in providing legacy planning education and explaining options such as end-of-life directives and transfers of wealth.  

In the event you or a loved one passes away, it is best to be prepared. Our Wealth Advisors can help with completing various transfers of wealth prior to or at end-of-life so that you and your family can focus on what matters most.  

A revocable living trust (personal trust) is a legal agreement by which you transfer ownership of your property into a trust. You act as your own trustee or appoint a professional corporate trustee. The trustee has the responsibility to manage and distribute the assets in the trust according to its provisions. 

Peoples Bank is a viable option as trustee under your will, especially for someone who isn't great handling finances. We can provide an unbiased and professional administration of a trust while keeping within the grantor's wishes. 

Peoples Bank’s professionals are trained and experienced to administer estates. We're your trusted partner to help make the best decisions for your family when you're gone. Our financial specialists will collect your assets, pay your debts (including personal and inheritance taxes), and distribute the balance to your heirs.  

Peoples Bank can serve as the court-appointed guardian of the estate for an adult or minor child. Through incapacity, personal injury, or the absence of a trust, Peoples Bank provides the security of continuing service to protect the financial interests of your family.

Examples include:

• Minors or disabled adults receiving proceeds from a personal injury or wrongful death lawsuit
• Minors receiving funds form a parent's estate due to death
• Adults who lack capacity to manage their financial affairs