Goal Setting: Achieving Your Financial Resolutions This Year
Author: Aaron May, Advertising Coordinator

2016 Year End Tax Planning
Author: Amelia N. Proctor, CPA, Senior Vice President, Trust Business Development Officer

All About IRAs
Author: Curtis Hinshaw, TBT Financial Services, Guest Blogger

And Now for Something Completely Different
Author: Kimberly Spinks

Thinking Forward: A New Way to Look at Personal Finance
Author: Aaron May, Advertising Coordinator

Women and Work: Why Salary, Benefits, and Work-Life Balance Count
Author: Amy Proctor

Women and Estate Planning Basics
Author: Mitzi Bjork, Financial Advisor

Elder Abuse & Senior Scams: What You Need to Know
Author: Kristen Ishihara

Determining the Need for Long-Term Care Insurance (LTCI): How Much Is Enough?
Author: Jerry Martin, Financial Advisor

Women: Planning for the Financial Impact of Children
Author: Amy Proctor

Converting Savings to Retirement Income
Author: Curtis Hinshaw, TBT Financial Services, Guest Blogger

Student Board of Directors Experience
Author: Bethany Simmons

Raising Money Smart Kids
Author: Tammy Gage, Community Relations Officer

Banking on the Future of Texas Communities
Author: Rogers Pope, Jr, Vice Chairman and Chief Executive Officer

Spring Cleaning for Your Personal Finances
Author: Aaron May, Advertising Coordinator

Women's History in Banking
Author: Tawny Browning

Staying Connected Through Social Media
Author: Sherry Gibbon, Vice President, Community Relations and OMNI Manager

Did you ever think that you would be able to ‘Pay’ with a watch?
Author: Sheri Parish

Wide Angle Lens
Author: Kimberly Spinks

12 Resolutions for 2016
Author: Amy Proctor


How We See It

Craig Chaikin

Craig Chaikin

February 3, 2012

What is a Will and Who Needs One?
By: Craig Chaikin, Vice President & Trust Officer

When you hear the word “Will” or the term “Estate Plan,” what do you think of? I know that before I worked in the trust business, my mind conjured up visions of some distant relative passing away and leaving vast sums of money to the family. (Unfortunately, to date, no distant relative has left me so much as a dime, but there’s still hope...) As I’ve progressed in my career, I’ve found that Wills are not just for rich people. Everyone who has a job and/or a family could benefit from preparing a Will. I’m sure not everyone thinks they need one, however, through a Will, you get to choose who gets your “stuff” when you die. If no such document exists, a judge may get to decide for you.

Through a Will, you can give instructions and make bequests from beyond the grave. In my case, I have minor children. Part of my Will dictates who gets custody of the children in the event my wife and I both pass away. My children are my most valuable asset. I want to make sure they are taken care of.

Wills also provide for division of property and serve as a conduit to create trusts to provide for loved ones into the future. Wills are for anyone who has something (or some things) that they wish to pass along to those whom they leave behind. There are those folks who don’t want to prepare a Will due to the expense. I can guarantee that many of you reading this don’t have a Will in place yourselves. You would not be alone. At the time of their deaths, Presidents Lincoln, Grant, Garfield, and Andrew Johnson had no Will. Neither did Pablo Picasso, and he was worth around $260 million when he died. If someone dies without a Will and the Courts need to get involved, then money will be spent after the fact.

I would urge everyone to spend some time and money now and be confident that your families are taken care of…It will give them, and you, one less thing to worry about.


Post a Comment

All comments are subject to approval. Read more.


About TBT

Who We Are Join Our Team People Who Make a Difference TBT Spirit of Giving Contact Us Site-Map

Helpful Links FDIC Consumer News FAQs

Consumer Protection

Fraud Protection Center FDIC Update Privacy / Security Disclosures
Member of FDICAn Equal Housing Lender
Powered by Encore Multimedia.