Androscoggin Trust and Investment Services
Trustee Services
Trusts are relatively straightforward financial tools that may be able to help you in achieving your family's specific financial goals and better managing your assets. A trust involves the transfer of some or all of your assets to a Trustee who is directed to carry out your specific instructions. This can be done at any time during your lifetime or set up to occur upon your death or incapacity. As your Trustee, Androscoggin Bank becomes responsible for managing your assets and carrying out your customized plan.
Establishing a trust can help you and your family achieve important financial goals:
- Provide financial protection of a spouse and/or other loved ones
- Establish inheritance management for children or disabled family members
- Manage your investments to achieve growth and income goals
- Reduce or eliminate estate taxes
- Protect assets from creditors (in certain cases)
- Provide financial privacy and confidentiality
- Protect an estate plan from disgruntled heirs
- Provide financial management in the event of incapacity
Trust services are offered through Androscoggin Bank, a Maine chartered Savings Bank. Investment management services are offered through both Androscoggin Bank and HeadInvest, an affiliate of Androscoggin Bank and a registered investment advisor with the Securities and Exchange Commission.
Investment and insurance products offered:
- ARE NOT BANK DEPOSITS;
- ARE NOT FDIC INSURED;
- ARE NOT OBLIGATIONS OF, OR GUARANTEED BY, ANDROSCOGGIN BANK OR ANY AFFILIATE; AND
- INVOLVE INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF PRINCIPAL.
