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Bank Trust Officers

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Trust officers can play an important role in managing the care and finances of seniors. Caregiving organizations often work with these professionals to help ensure that seniors are getting the care they need. Bank trust officers often serve as custodians for a senior adult’s finances. They typically are experts in dealing with estate planning issues.

Trust officers are typically in the front line trenches handling the legal documents and serving in the capacity of a personal representative or trustee.

They can answer questions for your situation and make you aware of things such as Power of Attorney. A bank trust officer could help you manage two of the basic tools of estate planning–wills and trusts. Wills are used to distribute assets and property after an individual’s death. And trusts can manage and distribute assets and property during someone’s lifetime as well as after death. An individual can have a living trust while alive or a testamentary trust that is part of the will. But that’s not all trust officers do. Their jobs are often varied, and they may be called upon to deal with investing, insurance, retirement plans, real estate, property management, taxes, accounting, appraisals, loans and financial planning on behalf of their clients.

Trust officers do not give legal advice, but can direct clients in managing their estates as well as the areas listed above. Their job is to always look out for the best interests of their clients. Contact your local bank for more information about bank trust officers.

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