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Wealth ManagementInvestment Counseling and Trust ServicesAt First Guaranty Bank, we believe every client is unique. It is our responsibility to help guide you toward the strategies that will help you achieve your specific financial and estate planning goals. First Guaranty Bank's Trust Company is locally owned and operated, so all administrative and investment decisions for our clients are made right here in your hometown. Our trust officers average 19 years trust experience, and 15 years with First Guaranty Bank. This experience and continuity accrues to the benefit of all our clients, and even more so in long standing relationships. The hallmark of our service is providing the highest level possible of personalized service with ongoing communication to ensure our ability to meet your objectives. Our investment strategy is simple and straightforward - meet your needs and objectives with as little risk as necessary. We have no proprietary mutual funds; whenever possible we utilize high quality stocks and bonds to generate competitive risk-adjusted returns, with more regard for client objectives than outperforming an index. We have no attorneys or accountants on staff; we gladly work with the other professionals you have chosen. In summary, skilled administration and investment management by First Guaranty Bank can help you accumulate assets, preserve them, and distribute them as you intend. We would be delighted to meet with you to discuss your situation—at no cost or obligation to you. Thank you for keeping us in mind for your money management and estate planning needs. View your Trust Account Balances Trust AdministrationTrusts hold property you place in them for the benefit of your chosen beneficiaries. And they can solve a variety of estate planning challenges. As trustee of your trust, First Guaranty Bank offers a number of benefits:
We'll help you identify which trust is right for you... A revocable living trust can be utilized to avoid probate and/or guardianship for those assets placed in the trust. It is established during your lifetime generally for your benefit and, at your death, for the benefit of others. As grantor, you may retain the power to revoke the trust or amend its provisions during your lifetime. A testamentary trust is created under your will to hold your assets for the benefit of others upon your death. A credit shelter, or bypass, trust can reduce estate taxes by utilizing your estate tax exemption. A marital trust can defer estate taxes until the death of your spouse while allowing you to control the ultimate disposition of your assets. A charitable trust can permit you to give assets to charity while retaining the right to income, or give income to charity while retaining the right to the assets. A generation skipping trust can save estate taxes by passing assets to your grandchildren, thereby reducing the number of times your assets are subject to estate taxation. GuardianshipWhen other estate planning is not appropriate, it may be necessary to establish a guardianship in order to protect and care for a loved one. First Guaranty Bank can serve as guardian of the property, working closely with the guardian of the person to ensure the needs of your loved one are met. In addition to providing the same services available under a trust arrangement, First Guaranty Bank will ensure that all reports about the property required by the court are filed in a timely manner. Individual Retirement AccountsIRAs have become an important part of most everyone's retirement plans. Whether you roll over your corporate retirement distribution or transfer your existing IRA, First Guaranty Bank has the investment expertise that will be crucial to your financial security in retirement. As importantly, there are always tax considerations for IRAs. And when the value of your IRA represents a significant portion of your net worth, there may be estate planning considerations also. We have the technical expertise to provide advice about beneficiary designations and distribution requirements... all this in addition to traditional trust services for your IRA. Investment ManagementIn today's volatile financial markets, investment success requires full-time supervision, experience and commitment. At First Guaranty Bank, we believe investment success depends on consistency of investment philosophy, knowledge of financial markets, time, and most importantly a thorough understanding of each client's goals and objectives. That's why we begin by learning about you - your objectives, tax status, time horizon, risk tolerance, and income requirements. Then and only then, we draw upon our extensive resources of investment research and analysis to deliver you professional, full-time supervision of your invested funds. When you establish your Investment Management Account with us, we become your agent:
Estate AdministrationYour will may be the most important document you ever sign. It allows you to direct who is to receive your property when you die, how that property is to be distributed, and whether your beneficiaries are to receive your property outright or in trust. As importantly, it states who is charged with settling your estate. When named to settle your estate, First Guaranty Bank serves as personal representative. In that capacity, we perform a myriad of duties, among them:
CustodyThe routine paperwork and documentation necessary to keep track of your investment portfolio can be time consuming and sometimes daunting. First Guaranty Bank can simplify that problem through a custody arrangement. In addition, the transition from your management control to First Guaranty Bank as a successor fiduciary for your assets can be accomplished much more smoothly if we already serve as your custodian. As custodian, First Guaranty Bank provides the following essential services while you maintain ownership and full control over all investment decisions:
Life Insurance Trust AdministrationLife insurance can be a very useful vehicle in your estate plans. And often the estate plan will call for establishment of a trust, with a third party as trustee, to hold the life insurance policy. If that is the case, First Guaranty Bank can serve as trustee. In this capacity, we provide the following services:
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