Trusts can serve many purposes, from controlling money after you die to avoiding probate expenses. A vital component of success is who you name as Trustee, which is traditionally served by a close family member or friend. Often considered an honor, this job is actually both time consuming and complicated. Additionally, a Trustee assumes legal liability for the prudent management of the trust assets.
In North Carolina and Virginia, we have a long-standing relationship with American National Bank and Trust Company. American National has branches that span from Raleigh to Winston Salem and Roanoke to Lynchburg. Based in Danville Virginia, American National has been in banking for over 110 years and in the trust business for over 90 years.