Trust Services

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Trust Services Trust Services You Can Trust

The Trust Services team is committed to giving you the personal service you have come to count on from First National Bank of Muscatine. Our dedicated staff will work closely with you to customize our services to fit your individual needs. Whether you are looking for investment opportunities or trying to pick a Trustee, our team is here to help you grow your wealth and guide you through life’s many transitions. 

Roles of a Corporate Fiduciary

Trust Accounts

Trustee
A trustee has full responsibility for managing your trust assets according to your instructions, including interaction with beneficiaries.

Even if you or a family member is capable of managing your own trust, a corporate trustee can be a wise choice. You may not have the time, desire or investment experience to manage your trust yourself. A corporate fiduciary can offer the objectivity and longevity needed to effectively communicate and work with Trust beneficiaries.

Co-Trustee
If you want to take advantage of a corporate trustee’s investment experience but still wish to be involved, you could appoint First National Bank to serve as a co-Trustee with you. We will work together to develop an investment plan that fits your objectives and provides for your beneficiaries. 

Successor Trustee
Many people name a corporate trustee as successor trustee in a revocable living trust. In this capacity, our team will step in and manage your trust for you when you can no longer act due to incapacity or death. We can also step in once a previous Trustee has retired or decided to step down.

Investment Agent
You can also name a corporate trustee as agent. While a co-trustee has equal responsibility with you, an agent can have as much responsibility as you desire.

You can have an agent manage your trust’s assets or just provide you with investment advice, with you making all final investment decisions. We can also assist you in administrative duties. 

Estates

Settling an estate can be a confusing and time consuming process for loved ones. It can also be a time when grief makes difficult decisions even harder. By appointing First National Bank as your Executor you can relieve your family of this burden. Our team of experienced professionals will objectively handle your final affairs in an efficient manner.

Investment Management Accounts

With an investment agency, you remain in control of your assets at all times, but we can help you develop an investment strategy. If you are uncertain of entering the investment world we can help you navigate the many possibilities to reach your financial goals.

Clients find our investment management accounts convenient when they wish to spend more time traveling or when transitioning to the next stage of life.  

Conservatorships

We take great pride in our team’s ability to be your financial partner, but we’re also here for you in times when it becomes difficult for you or a family member to manage their wealth. Our team can relieve family members from the burden of handling an individual’s financial affairs when he or she is incapable of doing so. 

Why Designate a Corporate Fiduciary?

Experience
We are familiar with various kinds of trusts, tax and estate planning issues, as well as the legal responsibilities of a trustee or other fiduciary role.

Professional Investment Management
We give our full attention to managing assets. Investment performance is monitored and all assets are reviewed regularly by our experienced staff.

Oversight
As a national bank, we are subject to both state and federal regulations. In addition, courts expect a corporate trustee to meet higher standards than a non-professional.

Permanence
A corporate trustee won’t become ill, die, divorce, go on vacation, move away, or become distracted by personal concerns or emotions as an individual trustee might.

Objectivity
We will follow your trust instructions objectively and faithfully – something family members are often unable to do.

Resources
We routinely provide advice on investment, retirement and estate planning issues. We can refer you to attorneys and other qualified professionals as needed.

Flexibility
At First National Bank of Muscatine, we pride ourselves on the individual attention we give to each customer. We are able to tailor our services to fit your individual needs. 

Peace of Mind
Knowing you have selected someone with experience and integrity to manage your financial affairs now and/or when you are no longer able to do so yourself can be very reassuring.

Individual Retirement Plans (IRAs)

At First National Bank of Muscatine, we offer a range of Individual Retirement Account (IRA) plan options to help you meet your retirement goals. You can choose from Bank Deposit Account, Self-Directed, or a Managed IRA Account for your Traditional, Roth or SIMPLE IRA plan.

Bank Deposit IRA Accounts can be invested in First National Bank of Muscatine Certificates of Deposit (CDs) or savings accounts.

Self-Directed IRA Accounts can hold investments such as stocks, bonds or mutual funds selected by you. In a self-directed IRA, you can make the investment decisions and we carry out your instructions.

Managed IRA Accounts hold investments selected for you by our professionals. The portfolio can include a range of investments including stocks, bonds or mutual funds. If you lack the time or expertise to make your own investment decisions, this may be the right option for you. In a Managed IRA, the Bank works as your Investment Agent to manage your IRA’s investment portfolio to help you meet your investment objectives.

Scholarships

The First National Bank Trust Services team managed several educational trust on behalf of our customers. These college scholarships are available to Muscatine and Louisa County high school students who plan to further their education. To apply, students should contact their guidance counselor.