Financial Planning
Financial planning assistance is an integral part of Century Bank and Trust’s emphasis on helping families achieve complete benefit from their financial resources. Services include investment management, retirement planning, tax planning, estate planning and everything in-between.
Personal Financial Planning
Century Bank and Trust can assist you with a lifetime of personal financial planning needs and the planning doesn’t stop after one meeting. Your personal Trust Officer will meet with you regularly to review your plan and ensure that it continues to meet your needs.
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Features
- Creation and growing of your wealth
- Protection and preservation of your accumulated wealth
- Distribution of your wealth using the most tax advantageous way
- Distribution of wealth at death in the most tax advantageous way
Investment Management Account
The Trust Department of Century Bank and Trust will provide you with a disciplined, fact-based, unbiased and client-focused style of investing. You will enjoy a number of distinct advantages with an Investment Managed Account.
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Features
- Receive a tailored asset allocation mix for your specific needs. Understanding your objectives, income requirements, tax status and personal attitudes so your portfolio will meet every market challenge and opportunity by being well diversified is the Trust Department’s primary focus.
- Trust services are not transaction based. By linking the fee to the market value of your accounts, the Trust Department is able to provide you with sound advice. With no financial stake in promoting any particular investment, the Century Bank Trust Department keeps your best interest on the front line.
- Choose between a fully managed account with the Trust Department or an account where you make the investment decisions. Whatever your needs, the Century Bank Trust Department will accommodate!
Personal Trust
Specific needs call for specific solutions. Many personal financial objectives extend well beyond investment services. A trust may be the specific tool you need to achieve your goals. A trust allows Century Bank and Trust, as trustee, to manage your assets and affairs on your stated guidelines.
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Features
- Save money on your estate taxes
- Finance your children’s education
- Support an elderly family member
- Arrange charitable donations
- Asset management if you are deemed disabled
- Investment management for your family after your death
Charitable Trust
There are two types of charitable trusts, the charitable remainder and the charitable lead trust.
A charitable remainder trust allows you to give to a charity now, but the gift is awarded after you or another income beneficiary have received the income from the gift for life or a certain number of years.
A charitable lead trust allows the charity to benefit first. The charity receives the income during the term you set for the trust. At the end of the term, your non-charitable beneficiary receives the ownership of the trust property.
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Features
- One-on-one guidance with your personal Trust Officer
- Complete assistance through the entire Charitable Trust set-up process
Estate Planning and Administration
The Century Bank Trust Department will work with you to create a thorough estate plan that preserves your assets and allows them to be transferred to the people and causes of your choice. In settling an estate the Trust Department delivers discreet, responsive service, along with the professional expertise required to stay abreast of the complexities of estate administration. However the most important thing provided by estate planning is the peace of mind one has knowing that their wishes are known and are documented.
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Features
- Arrange your future intentions with a personal Trust Officer
- Relax knowing your estate wishes are safeguarded at Century Bank and Trust
- Update your plan as your life situation changes with your personal Trust Officer
Conservatorships
Century Bank and Trust is able to provide many services through the administering of your Conservatorship account.
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Features
- Individual portfolio management
- Bill paying service
- Income collection
- Income and principal distributions (if permitted)
- Maintenance of tax accounting records
- Preparation of annual accountings
- Statements detailing assets and transactions
- Asset safekeeping
| Personal Financial Planning | |
| Personal Financial Planning | Century Bank and Trust can assist you with a lifetime of personal financial planning needs and the planning doesn’t stop after one meeting. Your personal Trust Officer will meet with you regularly to review your plan and ensure that it continues to meet your needs.
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| Related Tools | Personal Finance Calculators, Retirement Savings and Planning Calculators |
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| Investment Planning | For most individuals, their financial assets call for expert help when preparing their investment plan. Century Bank and Trust has a history of excellent investment capabilities plus a history of unbiased advice and service. The Century Bank Trust Department is a professional investor focused on meeting customer’s financial goals. |
| College Planning |
Regardless of your child’s age, it’s not too early or too late to begin planning for college expenses. The financial professionals of Century Bank and Trust will help formulate a strategy to help lessen the burden of college expenses by preparing for what is ahead. |
| Retirement Planning |
Today people are living longer and they are enjoying healthier and more active retirement years. Thus retirement planning is more important than ever to ensure that when you are ready to retire you are able to do it comfortably. The professionals at Century Bank and Trust can help you map what it will take to reach your goals through successful investing and planning. |
| Estate Planning |
Everyone needs an estate plan to ensure that their assets are distributed in an orderly fashion and according to their stated wishes. Century Bank and Trust can work with you to design an estate plan that preserves your assets and allows for the distribution to the people you love most with the least amount of tax liability. |
