Farmers Trust Company
Farmers Trust Company, licensed by the Ohio Division of Financial Institutions as a bank and authorized to conduct trust business and exercise full fiduciary powers is committed to providing the highest level of service in the areas of investment management, estate settlement, living trusts, testamentary trusts, charitable trusts, charitable endowments and employee benefit plans. Tax and estate planning services are available to our clients as well.
Employee benefits
- Trustee/custodial services
- Plan, design and implementation
- Professional investment management or self-directed service
- IRS-sponsored prototype plan documents
- Compliance and required annual government testing on all plans
- Full-service administrative support
- Reporting and record-keeping services
- Comprehensive participant and educational meetings, including communication materials
- Valuation of plan assets and issuance of participant statements
- IRS annual reporting/5500/1099 preparation
Trust administration
- Investing trust assets
- Distributing income and/or principal
- Making tax decisions for the trust and filing appropriate tax returns
- Keeping records of all transactions
- Preparing statements of accounts
- Assisting beneficiaries with advice on day-to-day financial matters
- Providing an explanation of the trust’s operations
Estate settlement
- Arrange for probate
- Collect, inventory, value and protect your assets
- Manage your assets during the estate administration period
- Keep accurate records
- Pay estate taxes, expenses and debts
- Prepare and file tax returns
- Distribute estate assets to beneficiaries
- Follow the instructions in your will