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Trust & Estate Planning Services

Trust & Estate Planning Services

A properly designed estate plan can provide a strategy to conserve assets while you are alive and outline how you would like assets distributed after you pass away. Many people are under the perception that trust and estate planning are only for wealthy individuals or couples. However, these services can be a beneficial financial planning option for individuals at any income level. Without a formal planning process in place that outlines your wishes, your state laws may determine how your assets will be distributed. The court’s decisions may differ greatly from your wishes.

Estate planning not only involves passing on assets such as real estate, personal property, and financial assets, but also planning for others to make decisions for you, should you become incapacitated or die. Estate planning is the key to making sure that everything you work for is passed on according to your wishes. These are difficult decisions, but if you don’t make them, a court will.

Adopting an estate plan will be an important step in your financial life. Most people have a number of questions when it comes to developing an effective estate planning strategy. At First National Trust & Wealth Management we are committed to fostering personal relationships with our clients. Our professional staff has the expertise to provide a personalized solution for you.

Contact us today. We welcome your questions and look forward to working with you.

Our services include:

  • Trust Services
  • Estate Settlement
  • Investment Management
  • Estate Planning
  • Asset Allocation
  • Charitable Giving

Our Services

  • Our Services
  • Trust Services
  • Estate Settlement
  • Investment Management
  • Estate Planning
  • Asset Allocation
  • Charitable Giving

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Latest Blog Posts

The New Normal Retirement

Submitted by First National Trust & Wealth Management on April 15th, 2022

It’s believed that retirement planning as we currently know it didn’t really exist until a few decades ago. Up to that point, people worked until 65 and then sailed into retirement on a pension plan.

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William & Margaret Trudell 2022-2023 Scholarship Application

Submitted by First National Trust & Wealth Management on February 1st, 2022

The William & Margaret Trudell Scholarship board of trustees is pleased to announce that applications are now being accepted for the 2022-2023 school year for qualified students enrolled at the Iron Mountain campus of Bay College.  Since its inception in 2004, the Trudell Scholarship has provided over $80,000 to over eighty deserving students of the Bay College West Campus.&n

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IRS Woes: Don't Let Taxes Derail Your Retirement Plans

Submitted by First National Trust & Wealth Management on November 1st, 2021

All United States citizens are subject to income tax from the federal government, even those who are retired. Living on a fixed income in retirement can be difficult, so it’s important to plan accordingly for how you will be taxed to get an accurate picture of your financial health. 

Here’s what you need to know about taxable income in retirement. 

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Iron Mountain
233 South Stephenson Ave. 
Iron Mountain, MI 49801

Menominee
3805 10th Street
Menominee, MI 49858

Marquette
3165 Wright St. Suite 104
Marquette, MI 49855

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901 Riverside Plaza
Iron River, MI 49935

 

  Tel: 877-779-2259

Non-deposit investment products, insurance, and securities are NOT deposits or obligations of, insured or guaranteed by The First National Bank & Trust of Iron Mountain, are NOT insured by the FDIC or any agency of the United States, and involve INVESTMENT RISK, including POSSIBLE LOSS OF VALUE. First National Trust and Wealth Management does not give tax or legal advice. Consult with your tax and/or legal advisor for information specific to your situation.

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