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HomeStar Bank & Financial Services offers a complete line of Deposit accounts and services. From Checking to Savings and CDs to IRAs, we have many options to suit your individual needs.
A trust is a customized legal document, which you create so that HomeStar Bank & Financial Services, as your trustee, can hold title to and manage both the real property and personal property you place in the trust.
As trustee, HomeStar Bank cares for the property strictly for the benefit of those individuals or charities that you choose. These beneficiaries can include you, your spouse, other family members, friends, or charitable organizations.
A living trust, also known as inter-vivos trust, takes effect during your lifetime. While you are alive, you can modify the term of the trust, change beneficiaries, or terminate the arrangements as your objectives change. At your death, the trust could be fully distributed, or continued for your beneficiaries, as you direct.
While many people enjoy the convenience of administrative help that a living trust provides, other advantages are far more significant. We will be happy to assist you in designing a trust to suit your needs and accomplish your goals.
Special situations and needs require special treatment. HomeStar Bank Trust Services can help you to attain your goals such as:
Our Trust Services staff will be happy to meet with you to discuss your needs and objectives to help you make choices about your particular trust agreement.
You will then need to consult an attorney who is experienced in estate planning to draft the trust document that suits your needs.
Lastly, you will need to deliver your assets to us so that we can begin to manage your trust.
Our responsibilities as trustee include:
A deed given by the grantor to disclaim any interest the grantor may have in a piece of real estate and pass that claim to the grantee.
An individual establishes a testamentary trust as part of his/her will. This type of trust provides for asset management after death and distribution of assets at some later time. Because the trust is not funded prior to death, the individual's assets will go through the probate process, and the trust will be funded after probate has been completed.
As a professional fiduciary, we are:
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