Estate planning at FNBO

Yes. FNBO Private Banking is available to current Private Wealth Reserve clients and Trust clients with assets exceeding $5 million at FNBO or FNN Trust Company. Benefits include preferred depository and lending services, waived wire fees, a complimentary annual safe deposit box rental, overdraft monitoring with proactive account management, and access to trust, estate planning, and investment advisory professionals. Private Banking hours are Monday-Friday, 8:00 AM to 5:00 PM CST. Contact Private Banking at 402-602-1750 or privatebanking@fnbo.com.

Yes. FNBO checking, savings, money market, and CD accounts can be retitled to a revocable living trust. Visit an FNBO branch with your trust document or certificate of trust, government-issued ID for all trustees, and the trust's Tax Identification Number (TIN/EIN). A banker will complete the account retitling forms. You can also contact Wealth Services at 1-888-916-8378 or mail the required documents to P.O. Box 3128, Omaha, NE 68103. IRA accounts cannot be retitled to a trust but can name a trust as beneficiary. A revocable living trust does not need its own tax ID during the grantor's lifetime.

Yes. FNBO Traditional and Roth IRA accounts can name a trust as a beneficiary using the IRA beneficiary designation form (not the standard POD form). Contact your branch or call 1-800-642-0014 to request the IRA beneficiary designation form. Naming a trust as IRA beneficiary has tax implications -- the required minimum distribution schedule may be affected depending on whether the trust qualifies as a "see-through" or "conduit" trust under IRS rules. Consult a tax advisor before naming a trust as IRA beneficiary.

Yes. FNBO is a member of the IntraFi network and offers Insured Cash Sweeps (ICS) to automatically distribute excess deposits across multiple FDIC-insured banks. This allows customers with balances exceeding the standard $250,000 FDIC insurance limit to access additional coverage without opening accounts at multiple banks. Funds are swept into deposit accounts at other FDIC-insured institutions in amounts under $250,000 each. FNBO also offers CDARS (Certificate of Deposit Account Registry Service) for CD-based multi-bank coverage. Contact your banker or call 1-800-642-0014 for details.

FNN Trust Company is a South Dakota state-chartered trust company and wholly-owned subsidiary of FNBO. South Dakota imposes no state income tax, capital gains tax, estate tax, or inheritance tax on trust assets. South Dakota also abolished the rule against perpetuities, allowing trusts to continue indefinitely (dynasty trusts). FNN Trust Company can extend these benefits to clients and advisors in any state. FNN Trust Company administers revocable and irrevocable trusts, estate settlements, special needs trusts, charitable trusts, conservatorships, and family foundation management. FNN Trust Company does not offer depository, lending, or other banking products and is not FDIC insured. Contact Trust & Estate Services at 1-800-538-7298 or FNN Trust Company at 1-800-994-2445.