Trust Services, trust fund, estate planning, estate management

Trust Services

Special needs call for special solutions. Lincoln Savings Bank (LSB) and LSB Financial Trust professionals can assist you with those specialized needs, which may include:

Agency & Custody Accounts 

Even though your investments are diversified, your portfolio information doesn't need to be! 

  • The Agency Account offers you relief from the paperwork involved with portfolio management. We handle the record-keeping for you; you receive one statement reflecting your account activity. 
  • The Custody Account offers the convenience of consolidated reporting while you maintain the management of your portfolio.

Estate Planning* 

After becoming thoroughly familiar with your needs and goals, our Trust professionals will offer our expert interpretation for the proper management and administration of your estate. We will clearly and candidly explain the various options available to you such as wills, trusts, powers of attorney, life insurance, gifts, and more. We will also provide ongoing advisory services for your estate plan, acknowledging changes in your family or estate and tax law changes. A sound estate plan will minimize future estate taxes and maximize wealth for yourself and future generations.

Estate Management 

Our Trust professionals will act on your behalf as the executor or co-executor of your estate to provide professional estate administration. As executor, we will carry out your wishes and provide objective counsel in the best interest of all beneficiaries, relieving some of the burden to your family during an emotional time. We focus on the financial aspects of estate settlement while also providing guidance and support on related decisions that often arise during a settlement.

Trust Administration 

As your Trustee, our Trust professionals are dedicated to protecting your assets and fulfilling your intentions in consideration of all parties involved. We provide specialized expertise for compliant administration of the trust document and are also sensitive to the needs of the individuals for whose benefit the trust was established. Working closely with you as your Trustee allows us to build close, personal relationships with you and your family, enabling us to better anticipate and serve your needs.

Financial Planning* 

The Financial Planning process varies greatly from client to client. For some, it may be a single transaction, such as starting a college savings plan. For others, it is a much more comprehensive process that can touch on many different aspects of a client's financial life. Ultimately, the process is defined by what the client expects to get from the financial planning process. At Lincoln Savings Bank, we wish to engage our clients in a process that takes into consideration their goals and provides a financial plan for them to reach those goals over time.

Retirement Accounts 

Retirement Accounts, often referred to as IRAs (Individual Retirement Accounts) are established for the purpose of saving for retirement with the added benefit of significant tax advantages. Whether you are just getting started with your retirement savings or rolling over an existing IRA, there are a number of options available, and it may be confusing to determine which is right for you. We will walk you through the options and explain the various advantages of each so you can make an informed decision about this very important aspect of your financial life.

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