Business Wealth & Trust Services
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Frequently Asked Questions
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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.
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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.
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Financial Planning
We provide top-tier financial solutions to address the growing complexities of professional fiduciary services and effective portfolio management, all tailored to your personal, family, and business goals. Your team at Extraco Wealth & Trust is dedicated to helping you discover the perfect combination of services and solutions.
Locations
Bank Branch
- Curbside Delivery
- Handicapped Access
- Home Loans Specialists
- Spanish Speaking
4189 Texas 6 Frontage Rd
College Station, TX 77845
United States
Lobby Hours
Currently closed
Hours Today:9:00 am - 4:00 pm
Drive-Thru Hours
Currently closed
Hours Today:8:30 am - 4:00 pm
Insurance Office
- Curbside Delivery
- Handicapped Access
1700 North Valley Mills Drive
Waco, TX 76710
United States
Lobby Hours
Currently closed
Hours Today:8:00 am - 5:00 pm
Mortgage Office
- Handicapped Access
- Home Loans Specialists
- Spanish Speaking
1700 North Valley Mills Drive
Waco, TX 76710
United States
Lobby Hours
Currently closed
Hours Today:8:00 am - 5:00 pm
Resources
Elevating Excellence: Welcoming Susie Stanley-Jones, CFP® as President of Extraco Wealth & Trust
Extraco Banks proudly welcomes Susie Stanley-Jones, CFP® as President of Extraco Wealth & Trust. With decades of leadership in wealth management and a track record of innovation, Susie is poised to guide our Wealth & Trust team into an exciting new era of growth, client service, and strategic vision.
What Is a Trust Fund?
Trust funds provide a financial safety net for your family in an unexpected tragedy. Creditors cannot access the money you place in a trust fund. However, the fund can pay for funeral expenses, medical bills, and other immediate needs. Trust funds can also ensure that your loved ones have the money they need to care for themselves financially, even after you're gone.
Benefits of a Living Trust
There are many benefits to creating a living trust. Here are the top three: 1. Avoid probate at death. Including multiple probates, if you own other property in another state. 2. It provides maximum privacy. 3. It can reduce or completely eliminate estate taxes.
