Trust & Estate Planning

We at Morgantown Bank & Trust will be glad to assist you with your trust needs, from the quite simple to the very complex. No matter your financial needs, a Trust makes the most efficient and profitable use of your resources. Our Trust Services will provide you peace of mind that your trust needs are being handled according to your wishes. Our commitment is to provide you with quality, cost effective service.

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Here are just a few of the services we offer:

  • Estate Administration
  • Living Trust
  • Custodial Accounts
  • Testamentary Trusts
  • Guardianship/Conservatorship
  • IRA’s
  • Traditional IRA’s
  • Roth IRA’s
  • 401K Rollovers

A trust is a legal document that permits you and your successor trustee to transfer assets (such as property) prior to and after your death. It is typically composed of four main components:
  • Grantor: This is the person that sets up the trust
  • Trustee and Successor Trustee: This is the person(s) or entity that will follow your wishes as per the trust document (manage your trust) upon your death
  • Property: These are the items, money or physical property that makes up the trust
  • Beneficiaries: These are the individuals or organizations that will benefit from your trust assets

You can add specific requirements such as restrictions on distributions, attainment of certain goals for beneficiaries to receive trust property, and payment and replacement of the successor trustee under certain conditions. The four sections above are the general “must have” pieces of the trust document.