Realizing your personal and financial objectives and ensuring the well-being of your family requires a careful and thorough preparation. That's where a living trust and professional trustee can help. With Lake City Bank's team of trust and investment professionals serving as trustee, you can exercise as much or as little control over the management of your assets as you choose. Because your trustee will hold your assets for the benefit of your family and yourself, this selection merits special consideration.
Some people choose a close friend, relative, or personal representative as trustee.
However, few individuals fully understand the complicated duties involved in the administration of trusts. Utilizing a professional trustee may actually cost less than an individual trustee. Often, this is due to the numerous savings and economies of scale resulting from a professional trustee's extensive knowledge, experience, and resources. I nvestment products are not deposits or obligations of, or guaranteed by Lake City Bank or any other bank, are not insured or guaranteed by the FDIC or any government agency and are subject to investment risks, including the possible loss of the principal invested.