Investments / Trust

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

 

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

 

What this means for you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

 

Customer Awareness ( Tips to Prevent ID Theft )


 

Investment

 

 

Trusts

 

 

Personal Trusts

 

 

 


 

 

 


PERSONAL TRUST SERVICES offered at the Bank of Cadiz and Trust Company include REVOCABLE LIVING TRUSTS that will permit you to retain control of your assets during your lifetime. At your death or disability, we administer the terms of the trust according to the plan you design in the trust document.

 

TESTAMENTARY TRUSTS are created under your will and take effect after your estate is settled. You are assured of professional and impartial administration of your wishes.

 

IRREVOCABLE LIFE INSURANCE TRUSTS provide for liquidity for estate settlement costs, taxes and family needs when assets may not be readily marketable.

 

Contact our Trust professionals to discuss your objectives and how a trust might be what you and your family need.

 

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Estate Planning and Settlement

 

 

 


 

 


We can help you design an ESTATE PLAN to make sure your family is taken care of at your death. Considerations such as minimizing taxes, investment options, income and distribution of assets are all considered in determining the best way to carry out your wishes.   ESTATE SETTLEMENT specialists eliminate some of the stress placed on loved ones at the time of your death. Financial and legal decisions that must be made at a time of death come during the difficult time of grieving and adjustment. Our trust professionals are familiar with this process and their experience can help to alleviate the burden of administration that your estate requires. An impartial third party can relieve your family of questions and tensions that often arise at this time.

 

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Individual Retirement Accounts

 

 

 


 

 

It is never too early to start planning for retirement. Bank of Cadiz and Trust Company offers Traditional INDIVIDUAL RETIREMENT ACCOUNTS (IRA’s) and ROTH IRA’S. If you are planning for your children’s education we offer COVERDELL EDUCATION SAVINGS. Any of these accounts can be opened with an initial deposit of $100.00. Additional deposits of $25.00 or more can be made at anytime. There are no annual fees. These accounts are insured by the FDIC. Deposits to traditional IRA’s may be tax deductible and income earned is tax deferred until withdrawal. Subject to IRS rules, earnings on Roth IRA’s and Coverdell Education Savings may be tax free. 


Perhaps you are ready for retirement and just want to get your retirement money close to home. We can assist you in completing necessary procedures to have your profit sharing, pension or 401-K money directly rolled over to a Bank of Cadiz and Trust Company IRA. You may want to transfer your IRA from another financial institution to the Bank of Cadiz and Trust Company. We will gladly assist you in the necessary paperwork to facilitate a transfer.


If you prefer to invest your IRA funds in something other than Bank savings, we offer SELF DIRECTED IRA’s. This account allows you to direct your investment into stocks, mutual funds, bonds and other assets. Contact one of our IRA specialists to see if any of these accounts are right for you.

 

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Retirement Plans

 

 

 


 

 


Business owners and managers realize how important providing for your employees can be. There are numerous RETIREMENT PROGRAMS available today. To discuss, Profit Sharing Plans, 401-K plans, Money Purchase Plans and SIMPLE IRA’s, contact a Bank of Cadiz and Trust Company retirement plan specialist to discuss a plan that will meet you and your employee’s needs.

 

 

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Power of Attorney

 

 

 


 

 


There are times when a POWER OF ATTORNEY is needed to handle real estate transactions, investment of funds, collection of income, etc. during times you may be traveling or due to illness. The Bank of Cadiz and Trust Company can serve as your Attorney in Fact under the terms and conditions you specify.

 

 

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Escrow Agent

 

 

 


 

 


Sometimes an ESCROW AGENT is needed to act as a third party in real estate transactions or to hold title to property purchased under a land contract. The Bank of Cadiz and Trust Company is prepared to meet your financial needs in this way.

 

 

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For information or an appointment to discuss any of these services please contact one of our Trust Professionals listed below:

info@bankofcadiz.com or Toll Free (888) 405-6088

 

  • Yvonne Clayton
    Trust Officer (270) 522-2151
  • Jennifer Knight
    Trust Secretary (270) 522-0450
  • Matt Cothran
    Financial Consultant  (270) 522-2154
    Toll Free (888) 405-6088 

 

 

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