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Hours of Operation: 
     Monday - Friday 8:00am - 5:00pm

For Information about Trust Services please contact
Mary Lee at 870-763-8101 ext.118
 
     
A trust is a legal arrangement whereby one person,
the settler, entrusts some or all of their property to a
Trustee of their choice. The Trustee holds legal title
to and manages the trusts property. The assets and
income therefrom are disbursed and distributed by
the Trustee in the manner and to the beneficiaries
provided in the governing trust document.

     Trust Services are an effective tool for managing
your assets during your lifetime and for the benefit
of your loved ones after you are gone.  

    Our Trust Department can serve as Trustee for the
following types of trust accounts:
 
Testamentary Trusts

 A Testamentary Trust is a trust which arises upon death of the testator,
and which is specified in his/her will.

 Revocable and Irrevocable Living Trusts
        A Revocable Living Trust is a type of trust that can be changed at any time
        If your have second thoughts about a provision in the trust or change your
        mind about a trust beneficiary or fiduciary, then you can modify the terms
        of the trust through a trust amendment. 

        An Irrevocable Trust is a type of trust that can't be changed after the
        agreement has been signed, or a revocable trust that by its design becomes
        irrevocable after the Trustmaker dies.
 Guardianships / Conservatorship (Court Directed)
        A Guardianship is where a person is apointed by a court to take control
        of the assets of an incapacitated person.
 Custodial Accounts (Self Directed IRA)
        An account which is created for the benefit of a minor with an adult as the
        custodian.
 Agency Accounts
        An Agency Account is a type of account where the bank acts as an agent
        on behalf of an individual in financial transactions.
 Charitable Remainder Trust
        An arrangement in which property or money is donated to a charity, but
        the
donor (called the grantor) continues to use the property and/or receive 
        income from it while living. 

        The
beneficiaries receive the income and the charity receives the
        principal after a specified period of time. The grantor avoids any capital
        gains tax on the donated assets, and also gets an income tax deduction for
        the fair market value of the remainder interest that the trust earned. In 
        addition, the asset is removed from the estate, reducing subsequent estate
        taxes

        While the
contribution is irrevocable, the grantor may have some control
        over the way the assets are invested, and may even
switch from one
        charity to another.


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