Our Services

Special Needs Trusts

Is your child or loved one disabled, or have they been the victim of an accident, injury or catastrophic illness or tragedy that has left them with a lifetime disability? Do you worry about caring for your disabled or mentally handicapped child or loved one after your death? 
 
A Special Needs Trust is a special kind of trust which holds title to property for the benefit of a child or adult who has a disability. The Special Needs Trust can be used to provide for the needs of a disabled person to preserve and supplement benefits received from various governmental assistance programs. With a special needs trust, you may be able to provide for your child or loved one without adversely affecting the amount of aid he or she receives from government programs.

A disabled child's receipt of a personal injury settlement, inheritance, or other significant sum of money typically results in the loss of Medicaid and other SSI benefits. However, with the establishment of a Special Needs Trust, with your child as the beneficiary and the Bank or a family member as the trustee, may help your child retain SSI benefits and provide him or her with extra income.
A Special Needs Trust can hold cash, securities, personal property, or be the beneficiary of a life insurance policy or IRA, and uses the assets to pay for those life necessities not provided by public or private agencies. The trust can pay for medical and dental expenses, equipment, education, rehabilitation, insurance, essential dietary needs and other things the trustee and/or the court determines are necessary for your child, in accordance with applicable laws.
PeoplesBank, A Codorus Valley Company, is one of the few banks in Pennsylvania that specializes in the administration of Special Needs Trusts. We have more than 10 years of experience working with accounts of this type and currently administer more than 150 trusts that have been created to assist with the payment of medical expenses for individuals with special needs. We work with families in more than 35 states.
As your professional trustee, PeoplesBank's compassionate Special Needs Trust Team will work with you, your attorney and others involved in the care of your child to help you protect your assets and provide for your child in the future. We are also proud of our relationship with The Special Needs Alliance. You can find an extensive volume of information regarding Special Needs Trusts at their website: http://www.specialneedsalliance.com

Estate Planning Services

PeoplesBank plays an active role in assisting clients with the many details of Estate Planning.  Our experienced trust officers work with you and your attorney to prepare an organized plan which will make the transfer of assets to your beneficiaries as smooth and trouble-free as possible.  We can save your family unnecessary costs and delays by properly structuring the settlement of your estate, your investment plan, and the transfer of property, securities and other assets.  We can also serve as your designated executor, trustee, or both, providing you with assurance that your assets will be protected and distributed as you wish.

Executor Services

Before you name a friend or family member as executor, consider how complicated and demanding settling an estate can be. By naming PeoplesBank as your executor, you gain the experience and objectivity of estate experts who understand the requirements and procedures of the probate process.  This enables us to protect, manage, and settle your estate according to the terms of your Will.  In addition, you'll know that PeoplesBank is always available to handle your estate.  A friend or family member, on the other hand, may be unable to serve as executor when the need arises.  With PeoplesBank as your executor, you can be assured that your estate will be handled dependably, efficiently, and professionally.

Testamentary Trusts

Who will manage your assets after your death and provide continued financial security for your family or other beneficiaries?  With a provision in your Will for a Testamentary Trust at PeoplesBank, you know your family will be financially protected.

A known and experienced Trustee will handle the administration and investment responsibilities of your Testamentary Trust.  This provides your family with protection from creditors and the problems that can arise from lack of financial experience.  Your wishes are carried out just as you have specified.

Combined with the services offered by a PeoplesBank Investment Management Account, a Testamentary Trust can also offer substantial estate tax savings for your beneficiaries. 

Agency Accounts

You want to make all the decisions about your financial investments, but don't have the time to deal with the day-to-day details?  Then an Agency Account is the ideal approach for you. 

With an Agency Account at PeoplesBank, you are always in control of your financial assets.  You make all the decisions and we carry them out using our administrative expertise. 

You also receive the added benefit of our professional, experienced financial advice if and when you need it.

It's the best of both worlds for active investors who want to be involved.

 Living Trusts

When you think about the future, are you concerned about the comfort and security of your loved ones?  If you want assurance that you and your family will be protected financially now and in the future, a Living Trust at PeoplesBank offers you security and peace of mind.

With a Living Trust, you authorize PeoplesBank to hold and manage your assets for the benefit of you and your heirs.  It's a responsibility we take very seriously.  Using your guidelines, we implement a program that frees you of the details involved in managing a portfolio.

A Living Trust is a trust that you set up and that takes effect during your lifetime.  It can be designed to meet individual financial and estate planning needs.  You retain control over the assets in the trust for as long as you are able.  In many cases, tax and probate issues can be addressed through a Living Trust, offering important savings and security benefits for your beneficiaries.  If you arrange for your trust to continue after your death, the financial support your family depends upon will continue without interruption, according to your wishes. 

The provisions you make in your Living Trust are kept confidential and private.  When you establish a Living Trust, you retain as much control as you want in determining how your assets are managed.  You may even provide for how your trust will be managed after your death, specifying the payment of certain obligations, and establishing financial continuity.

With a Living Trust at PeoplesBank, your assets are protected now, throughout your lifetime, and for the benefit of your loved ones in the future. 

 Investment Management Accounts

What are your financial goals?  Do you want your assets to grow for the future?  Do you want regular income now?  Or do you want both-investment growth and reliable income?  Do you have other financial objectives, possibly goals that are unique to your personal tax situation, business planning needs or charitable interests?

An Investment Management Account allows you to establish specific goals, leaving PeoplesBank to effectively manage the details of your account.  We tailor an investment program that meets your individual objectives and requirements.  Then we accept the serious responsibility of supervising the day-to-day activities. 

With an Investment Management Account at PeoplesBank, you receive complete portfolio management and evaluation.  your investments are monitored continuously to identify new opportunities and assure that our investment potential is maximized.  Our complete record-keeping, regular financial statements, income collection, and flexible disbursements relieve you of the tedium and worry of managing your investments, while keeping you constantly informed.  Knowing that your financial security is in capable, professional hands, you are free to focus on the other things in life.