Planning your legacy is an important step in life. A Trust can provide financial stability for you and your family, now and forever. Find out more by visiting our Frequently Asked Questions (FAQ) page or by calling, emailing or stopping in our main branch. We want you to get the most out of what you worked your life to build.
A trust account is a legal entity in which one person sets aside specific assets for use by others. Through the use of a trust agreement, the person who established the trust can set limitations or rules pertaining to the management and eventual payout of the assets. A trustee (such as South Ottumwa Savings Bank) is then responsible to manage and administer the trust assets according to the rules established in the trust agreement.
As trustee, the Trust Officers at South Ottumwa Savings Bank address a family's unique circumstances, which can be tailored more carefully than a will to reflect both your wishes and your family's needs. The result then is the creation of a life-long commitment that goes beyond death.
Click here to view our Trust Brochure.