IRA, SEP, Other Retirement Funds 

 

Custodian - First State Bank can serve as custodian of your IRA and can assist you in establishing your other tax deferred retirement plans for you and your employees.   

 

Estate Services – First State Bank can serve as executor of a customer’s Last Will and Testament and provide expert services to the customer’s estate.  The family of the deceased can benefit from First State Bank’s expertise and experience in handling estates and investments and it relieves a burden during a difficult time. 

 

Farm Management - First State Bank can serve as farm manager of a customer’s agricultural assets.  The Bank has had years of experience managing farms and preserving farm assets.  This service helps absent landowners, retired landowners and heirs without any farming experience.  

 

Escrows - First State Bank can serve as escrow agent for real estate and other deferred payment contracts.  The Bank will provide bookkeeping services, collect and distribute the income and deliver the deeds and assets when the obligation is paid. 

 

Conservatorship - First State Bank can serve as conservator of a customer’s property when the customer, because of a disability, may wish to receive assistance in handling their financial affairs. 

 

Burial Trusts - First State Bank can serve as trustee of a customer’s burial trust.  A burial trust is funds set aside to pay for funeral services and burial. 

 

Trusts – First State Bank can advise you on the type of trusts available, in making decisions on the advisability of a trust to you and can assist you in having a trust setup and act as the trustee, if requested.