First Quarter Financial Plan: Ensuring Your Legacy

posted 2/26/2014 in Trust

The last piece of Lincoln Savings Bank’s First Quarter Financial Plan for February revolves around trusts. Trusts are a commonly misunderstood aspect of finance, with many people only knowing as much as they see in movies. Contrary to popular opinion, trust services from LSB are not just for older people or those who are well off.

Trust services can be used at any point in life for anyone wishing to achieve any of the following goals:

  • Preserve wealth you’ve worked for or are working to create

  • Spend less time managing your financial affairs

  • Ensure your financial wishes are carried out if an unforeseen event occurs

  • Set up a college education fund for your children or grandchildren

  • Ensure you don’t outlive your retirement savings

  • Make charitable donations according to your wishes

Now, we know that trusts are a far more complex piece of your financial life than choosing the right checking account, creating a budget or other topics we’ve touched on in the first two months of the year. Lincoln Savings Bank also understands that not everyone is in the same financial position, but it is beneficial to keep an eye on the future. Here’s how Lincoln Savings Bank and LSB Financial can help:

Agency and Custodial accounts- let us relieve you of the paperwork dealing with portfolio management (agency) or maintain management of your portfolio with some assistance.

Estate Planning- we help you come up with a plan for the management and administration of your estate including recommending wills, trusts, powers of attorney, life insurance and more.

Estate Management- LSB Trust professionals will act as executor or co-executor of your estate, carrying out your wishes and providing non-biased advice to your beneficiaries.

Trust Administration- we create a working relationship with you in order to help protect your assets and fulfill your intentions.

Financial Planning- whether it is setting up a college savings account or creating a comprehensive plan for your whole life, LSB Financial representatives can help.

Retirement Accounts- LSB Financial representatives can help walk you through your numerous options whether you’re just starting out or looking to diversify your portfolio.

Protecting your future and the futures of your loved ones should be a priority regardless of your age or position in life. Lincoln Savings Bank is ready and willing to help in any way.  Visit www.mylsb.com/Trust  to learn more about trust services or find a Trust Services Representative. 

Securities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.

Not FDIC Insured | No Bank Guarantee | May Lose Value | Not a Deposit | Not Insured by any Federal Government Agency

Lincoln Savings Bank and LSB Financial are not registered broker/dealers, nor are they affiliated with LPL Financial. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financials U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

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