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Personal Trust Services

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NBT Financial Group offers a variety of personal trust options, including Living (Revocable and Irrevocable), Charitable, Testamentary and Life Insurance Trusts.

NBT Financial Group will act as trustee, providing investment supervision as well as custodial and recordkeeping services for personal trust accounts, within the terms of the agreement. Standard services include:

  • Implementation of trust agreement provisions
  • Custody and safekeeping of securities
  • Investment management of account assets
  • Daily sweep of principal and income cash balances to money fund
  • Collection of income and quarterly remittances
  • Detailed quarterly statements of income and principal transactions
  • Maintenance of tax records including quarterly tax payments
  • Preparation and filing of fiduciary returns
  • Annual income tax information summary

NBT Financial Group can act as agent or custodian for the trustee of a Testamentary or Living Trust. If retained as agent, we perform all the duties required of the trustee on his or her behalf. As custodian, we provide only those services designated by the trustee.

Talk to your NBT Financial Group representative today to book an appointment.