Wealth & Trust FAQs

Frequently Asked Questions
What is a trust?
Answer

In law, a trust is a relationship where property is held by one party for the benefit of another party. A trust is created by the owner, also called a "settlor", "trustor" or "grantor" who transfers property to a trustee. The trustee holds that property for the trust's beneficiaries.

What is the difference between a trust and a will?
Answer

One main difference between a will and a trust is that a will goes into effect only after you die, while a trust takes effect as soon as you create it. A will is a document that directs who will receive your property at your death and it appoints a legal representative to carry out your wishes.

Do you handle retirement plans?
Answer

We provide a full range of services from individual IRAs to corporate 401(k)s. The first step is to have a conversation on what you are trying to accomplish.

Frequently Asked Questions by Category

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Apple Pay FAQs
Apple Pay FAQs
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Business FAQs
Business FAQs
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Checking FAQs
Checking FAQs
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COVID-19 FAQs
COVID-19 FAQs
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Fraud Alert FAQs
Fraud Alert FAQs
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Insurance FAQs
Insurance FAQs
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Mobile & Online FAQs
Mobile & Online FAQs
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Mortgage FAQs
Mortgage FAQs
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Green Debit Card
NEW Discover® Debit Card Benefits
NEW Discover® Debit Card Benefits
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Samsung Pay FAQs
Samsung Pay FAQs
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Savvy Savings FAQs
Savvy Savings FAQs
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SmartPay FAQs
SmartPay FAQs
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Student Loan FAQs
Student Loan FAQs
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Transitioning to the All New eBank
Transitioning to the All New eBank
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Wealth & Trust FAQs
Wealth & Trust FAQs