Trust and Investment Management Services
Full Service Trust Division
We offer a helping hand to members of our community who desire to preserve the assets they worked so hard to accumulate. We offer solutions to difficult financial problems, including: accumulating sufficient funds for retirement, managing funds during retirement, locating a financial caretaker during periods of poor health/incapacity and planning for a “family friendly” transfer of wealth upon death.
Working together with our clients, we develop and implement a plan which protects their financial security.
For the business owner, the plan may include a retirement plan that is designed to meet the needs of the owner and the owner’s employees.
Professional Investment Services
Investment services are a significant part of the various solutions offered by The Juniata Valley Bank. Whether we are working with a business, individual or organization, we offer a wide range of investment opportunities. Our individualized portfolios are constructed to provide solutions to short-term, mid-range and long-term needs.
We utilize a team approach to assure a seamless level of service. You will be working with an account administrator and an investment manager. The goal is to provide a comfortable format for effective communication.
Our fee is based upon the market value of the account or the level of income generated by the account.
We use the combined 150 years of experience of our staff to provide the best service and the most appropriate investment opportunity.
The Trust Division provides investment services under Investment Management Accounts and Investment Advisory Accounts. In the Investment Advisory relationship we offer recommendations which you may accept or reject.
Retirement Services
Our Trust Division provides managed or custodial retirement services to individuals and businesses.
For businesses, we offer full service consulting to ensure that you and your employees have the most suitable retirement plan. Whether you employ five, fifty-five, or five hundred individuals, we will help you design, communicate and implement the appropriate retirement plan. JVB has access to cutting-edge internet technology which provides daily valuation with 24/7 participant access. Our mutual fund research ensures that your employees will have well managed, highly rated 401(k) investment options.
IRA's and Tax-Deferred Investment Management
We handle IRA Rollovers for individuals both after retirement and awaiting retirement. We offer mutual funds, individual stocks, individual bonds, and the highest-yielding insured Certificates of Deposit available. The Juniata Valley Bank can accept a transfer of a distribution from your employer’s qualified retirement plan as well as a transfer from another IRA.
Personal Trust Services
A Personal Trust (also referred to as a Living Trust) is a valuable wealth preservation tool. A well crafted Trust Document addresses the individual needs of the person creating the trust. For example, a Living Trust may be preferred over a Power of Attorney during periods of incapacity. Or, a Trust may be the preferred tool at death to transfer assets to the next generation. You, as the creator, retain the right to alter or amend the terms of the trust at any time during your lifetime.
A trust is a legal entity which holds assets for the benefit of the person creating the trust or for the benefit of other individuals designated by the person creating the trust. A Personal Trust is established during lifetime (Inter-vivos). However, a person can provide for the Trust to continue after death in order to protect the assets from waste and to provide income to the beneficiaries.
Responsibilities of the Trustee for a Living Trust*
The Bank as your Trustee has the duty to carry out the terms of the trust. The Duties of the Trustee are stated in the trust document. The Pennsylvania Assembly adopted the Uniform Trust Act which provides additional responsibilities and notice requirements.
When it comes to investing, our primary goal is to maintain a high level of investment quality and market diversification. Utilizing available investment research and our experience, we strive to minimize risk and to create an opportunity for financial success. You set the risk parameter while JVB builds the program which best satisfies those goals. Your account strategy will alleviate your concerns about risk and, at the same time, help meet your goals.
Your income tax bracket may cause you to prefer a tax-free portfolio. We offer the solution of investing in high-yielding, insured, tax-free, fixed income items.
Finally, we can use individual equities and individual bonds, rather than mutual funds to build your portfolio. Generally, individual securities offer a greater opportunity to control income tax consequences.
In all cases, our Trust Division provides you with investment services tailored to your needs. Our mission is to ease your financial burden.
The Juniata Valley Bank offers a wide range of additional trust services.
Trust under Will or Testamentary Trust – If you are married, a trust can be used to protect your spouse. A Trust can be used to place conditions upon how and when your beneficiaries spend your money. Our society has placed a huge amount of stress on the family unit. Common stressful circumstances involve beneficiaries who are: financially irresponsible, financially inexperienced, unhappily married, or generally incapable of handling their own affairs. A Testamentary Trust can also provide substantial savings to your family if your estate falls within the limits of the Federal Estate Tax.
Special Needs Trust - If you would like to make a gift to a person participating in a Government program conditioned on financial need, we can assist you by serving as Trustee under a Special Needs Trust.
Life Insurance Trust – If your estate will be exposed to the Federal Estate Tax, you should consider a Life Insurance Trust to insulate the proceeds of your life insurance policies from taxation.
Charitable Trust – The current tax laws offer an opportunity for you to support a charity by creating one of several Charitable Trusts. The Trust can be created during life or at death. The arrangement may potentially provide both income and death tax savings.
The Trust Division can serve as your Power of Attorney. Because your Power of Attorney steps into your legal shoes, you need the services of a professional representative. Your family may not be prepared for the level of responsibility and commitment of time. We are old hands at safeguarding assets, collecting income, filing tax returns, arranging payment for medical care and keeping records sufficient to provide an accounting at the end of the service period of service.
If you, as an individual, are Power of Attorney, Executor or Trustee for another, we can ease your burden by providing support service as your Agent.
The selection of the “wrong” person as the Executor of your Estate can result in long term damage to your family. Too often family relationships break down from the strain of inept administration of a family member’s Estate. In most cases the Executor is called upon to make significant financial decisions. The wrong decision can compromise your family’s financial security. We are experienced at settling estates and promoting family harmony. By appointing the Bank as your Executor you are providing for the welfare of your family.
For more information contact:
The Juniata Valley Bank Trust and Investment Management Division
PO Box 66
1762 Butcher Shop Road
Mifflintown, PA 17059
717-436-3218
jvbonline@banking.com
*YOUR COMPLETE FINANCIAL PLAN MAY INCLUDE BOTH INSURED AND NONINSURED PRODUCTS
