We can help you design an Estate Plan to make sure your family is taken care of at your death. Considerations such as minimizing taxes, investments options, income and distribution of assets are all considered in determining the best way to carry out your wishes.Estate Settlement
Estate Settlement specialists eliminate some of the stress placed on loved ones at the time of your death. Financial and legal decisions that must be made at a time of death come during the difficult time of grieving and adjustment. Our trust professionals are familiar with this process and their experience can help you to alleviate the burden of administration that your estate requires. An impartial third party can relieve your family of questions and tensions that often arise at this time. Rather than burdening a family member with this responsibility, you can appoint Bank of Cadiz & Trust Co. as the executor or personal representative to provide the following services:
For information or an appointment, please contact one of our Trust Professionals listed below to discuss your objectives and how a trust might be what you and your family need.
Please call 270-522-2146.
Trusts can provide protection and management of assets now and after your death, which is important for you in the event you become incapacitated or if your beneficiaries are inexperienced or unable to handle an inheritance. Personal Trust Services offered at the Bank of Cadiz & Trust Co. includes:
The trust will be created during your lifetime and assets are re-titled in the trust name. As “trustee” you retain control over the assets and upon death they pass to the trust beneficiaries without probate. At your death, we administer the terms of the trust according to the plan you design in the trust document.
The trust is created under your will and take effect after your estate is settled. You are assured of professional and impartial administration of your wishes. This trust is often used to protect minors or those beneficiaries who cannot manage an inheritance. You will specify how the trust funds will be used and name a Trustee to manage the trust after your death.
The trust will provide for liquidity for estate settlement costs, taxes and family needs when assets may not be readily marketable.
For information or an appointment, please contact one of our Trust Professionals listed below to discuss your objectives and how a trust might be what you and your family need.
Please call 270-522-2146.
It is never too early to start planning retirement. Individual Retirement Accounts (IRAs) are personal retirement savings plans. Individuals with earned income are eligible to open an IRA account. Interest earned on this account may be tax-deferred until withdrawn. Contributions may or may not be tax-deductible, depending on your individual circumstances. IRAs can be opened with an initial deposit of $100. Additional deposits of $25 or more can be made at any time. There are no annual fees.
You tell us what type of IRA you need and we will help design the investment plan that is right for you. Our available IRA plans include:
Perhaps you are ready for retirement and just want to get your retirement money close to home. We can assist you in completing necessary procedures to have your profit sharing, pension, or 401-K money directly rolled over to a Bank of Cadiz & Trust Co. IRA. You may want to transfer your IRA from another financial institution to us. We will gladly assist you in the necessary paperwork to facilitate a transfer.
If you prefer to invest your IRA funds in something other than bank savings, we offer Self Directed IRAs. This account allows you to direct your investment into stocks, mutual funds, bonds and other assets.
For information or an appointment, please contact one of our IRA specialists listed below to see if any of these accounts are right for you.
Please call 270-522-2146
The Living Family Journal software is designed to help you with taking the first step in creating peace of mind by organizing and updating your personal information from the convenience of your computer. The Living Family Journal places this vital information at your fingertips. The software is included with the Advantage Club Checking account.
If you are a member of our Advantage Club Checking program you are entitled to have the Living Family Journal Software. The software is designed to help you with taking the first steps in creating peace of mind by organizing and updating your personal information from the convenience of your computer. The Living Family Journal places this vital information at your fingertips:
The Living Family Journal software is designed to provide a simple, effective tool to record and update important personal information from the convenience of your PC.
If you are an Advantage Club Checking member, click here to log into the member benefits to receive your free copy of the Living Family Journal. If you have questions about enrolling in the site, please contact us.