Trust Services

The State of New Hampshire is a preferred location for establishing trusts because the state has written trust and tax laws to give trusts administered in New Hampshire clear financial advantages over trusts based in other states.You do not need to live in New Hampshire to benefit from establishing a trust here, but to take advantage of the state’s favorable trust and tax laws, the trust needs to be administered in New Hampshire by a New Hampshire based trustee.

Establishing a trust can help you:

  • Provide responsibly for minor children or grandchildren
  • Provide for a loved one with special needs without losing valuable government benefits
  • Protect an inheritance from irresponsible spending, a child’s creditors, and a child’s divorce
  • Avoid probate, which can be expensive and time consuming in some states
  • Ensure assets are distributed the way you want
  • Avoid state inheritance/death taxes that have lower exemptions than federal taxes
  • Help protect assets from creditors and frivolous lawsuits
  • Protect you, your family and your assets in the event of incapacity
  • Establish business succession planning at retirement, incapacity and/or death

Mascoma Bank Trust Department Services

  • Mascoma may act as Trustee, Co-Trustee, or Agent for Trustee on a revocable or irrevocable trust
  • A trust is a revocable or irrevocable contract between Grantor/Donor and the Trustee, drawn up by an outside attorney, which directs the present and future management and disbursement of the Grantor/Donor’s assets
  • As Trustee or Co-Trustee, Mascoma owes a fiduciary duty to the trust’s beneficiaries to carry out the terms of the trust, and to invest the trust’s assets as a prudent investor would considering the terms of the trust

Mascoma Trust Officers

Investment Products Are Not FDIC Insured • No Bank Guarantee • May lose Value • Not a Deposit • Not Insured by Any Federal Agency