Circumstances change. A family member named as your trustee may not be able or willing to serve when the time comes. At Park National Bank our Trust & Investment professionals are on the job full-time.
There are many benefits to a trust, but the most important thing a trust can accomplish is to make financial resources available to its beneficiaries. A trust can do almost anything you want it to. Regardless of the level of complexity, our experienced, trained trust administrators are always available and ready to serve you.
Choosing a trustee is one of the most important factors that influences the success of an effective trust. We are permitted by law to serve as a corporate fiduciary or trustee. That law requires us to act under a code of fiduciary responsibility and put the needs of our customer first. At Park National Bank, we consider this job a privilege.
Some common types of trusts include:
- Revocable Living Trust
- Charitable Trust
- Spendthrift Trust
- Bypass Trust
- Marital Deduction Trust
- Special Needs Trust