Security Federal Savings Bank’s Trust Department is here for you and your loved ones. We understand that everyone’s needs are different and our trust services reflect the ability to customize plans specifically for you.
We have served Warren County and the surrounding areas for many years providing professional services while retaining our community values. We go to great lengths to understand your immediate needs and provide planning for your long-term goals.
You have worked hard, saved and invested carefully, so during retirement you can live comfortably and work on your ‘bucket list’. Through careful asset and estate planning we can help you address needs such as; taxes, physical incapacity, caring for minor children, asset and business transition, family members with special needs, and more, all with the use of trusts.
The two most common types of trusts are living trusts and testamentary trusts.
Living Trusts are created during your lifetime and offer you peace of mind knowing your assets will be distributed as you direct by someone you trust. A trust document, unlike a will, is a private document. It avoids the probate process and reduces settlement costs.
Testamentary trusts are established in your will and do not take effect until you die. The trust receives your assets at your death and distributes them as you direct. These can be used to protect and provide for your children or beneficiaries. Testamentary trusts can also assist your surviving spouse in managing your estate and providing a steady income.
Our trust department also acts as custodian carrying out your directions while performing day-to-day administrative functions. This includes safekeeping of securities, collecting dividend and interest income, distributing income and principal, voting proxies, keeping records, issuing monthly statements, carrying out directed purchases and sales, and filing tax returns as required.
- Estate Administration
- Life Insurance Trusts
- Cemetery and Perpetual Care Trusts
- Charitable Trusts
- Endowment Trusts
Please contact us today to discuss your current and future needs. We look forward to serving you.
Our contact information:
305 W. Morford Street
McMinnville, TN 37110
ARE NOT A DEPOSIT
ARE NOT FDIC INSURED
ARE NOT INSURED BY ANY FEDERAL AGENCY
ARE NOT GUARANTEED BY THE BANK
MAY GO DOWN IN VALUE