Charitable trusts are irrevocable contracts where there are two sets of beneficiaries which include a charity(s) and an individual(s). They can be created during a trustmaker’s lifetime in the form of an irrevocable living trust or as a testamentary trust under a last will and testament. There are two forms: a “lead trust” where the charity receives the benefits initially with the remainder of the assets after trust termination being paid to an individual, and a “remainder trust” which is the complete reverse where the individual receives benefits initially with the remainder of the assets after trust termination being paid to charity.

Investment Products are:

• Not Insured by the FDIC or Any Federal Government Agency
• Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
• Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested