Clearfield Bank and Trust Company's responsibly goes above and beyond standard banking practices to provide our clients and their families with Trust, Will, Financial and Estate Planning products and services.

For instance, we assist our clients with all their Estate Planning needs.  Many people hear the words “Estate Planning” and think this is a service or product for the mega wealthy people of the world.  This is not true.  Everyone should have a Will to direct who would receive their things after their death.  Contrary to popular myth, if you die without a Will, commonly referred to as intestate, everything does not go to the state.  Yet the Intestate Laws of Pennsylvania may direct your assets to people that you would not have chosen to inherit a part or all of your estate.

Estate Planning is not merely the writing of a Will.  It is a dynamic process that includes other documents to address all aspects your family’s needs.  Depending on the size of the estate and who may inherit from the estate requires consideration such as estate taxes, titling of assets, resources to meet financial obligations, just to mention a few items. Let’s cover some basics:

• Estate planning does include a Will, the traditional legal document only effective at death. 
• With a will comes an Executor, the individual or professional you choose/trust to administer your will.
• Estate planning also addresses issues of your personal needs and health care if you become incapacitated and can no longer care for yourself.
• An estate plan may consider other issues as life insurance, trust planning, gifts to minors or to charity.

Our many years of experience, knowledge and foresight enable us to assist our clients, their families and our community.  Clearfield Bank and Trust's qualified professionals are there to help you establish an Estate Plan as well as review and adjust existing Estate Plans as life changes.

If you have further questions or inquiries contact Dennis Hampton at Clearfield Bank and Trust Company.