Trust Services

The Cornerstone Bank Trust and Investment division provides a variety of financial services to individuals, organizations, and businesses. Please review the information about Cornerstone Bank Trust Services and call with any questions.

 

Revocable Trust

A revocable living trust is a trust that you set up during your lifetime. This type of trust can be amended or even revoked during your lifetime. Advantages of revocable trusts include:

  • Investment management for you and your beneficiaries during your lifetime.
  • Avoidance of probate of trust assets and a reduction of costly estate settlement expenses because your assets are distributed through your trust.
  • Enables a married couple to structure assets in a way that reduces estate taxes.
  • Income paid to you monthly, quarterly, or if you prefer, it can be reinvested.
  • Principal disbursements for you and your family during your lifetime, as desired.
  • Distribution of your assets following your death or at the termination of your trust according to your instructions.
  • Investment of your available cash provided through a daily cash sweep feature in your account.
  • Management of your affairs for you, in the event of illness, accident or incapacity.
  • A flexible agreement that you may amend or revoke at any time.
  • You retain as much or as little control, contact and responsibility as you wish.

We are happy to work with the attorney of your choice in this process.

Irrevocable Trust

A non-changeable trust for your heirs.

An irrevocable trust cannot be terminated by you and is most often used for making gifts or establishing a permanent arrangement for the benefit of your family or favorite charities.

An irrevocable trust may provide tax advantages when integrated with your overall estate plan. Always consult your attorney or tax advisor about your specific circumstances. Other benefits may include:

  • Investment management for your beneficiaries during your lifetime and following your death.
  • Distribution of your assets upon your death or at the termination of your trust according to your instructions.
Avoidance of probate of trust assets and, thus, a reduction of costly estate settlement expenses because your assets are distributed through your trust.

Richard McDougall

Richard T. McDougall, JD, CTFA

Vice President & Manager Trust Division

(402) 363-7407

Richard began his career with Cornerstone Bank in January 2002. He has worked exclusively in the trust and investment business since 1995. Richard is a graduate of the University of Nebraska - Kearney and a graduate of the University Of Nebraska College Of Law. He is a member of the Nebraska Bar Association and a member of the Real Estate and Probate Law Sections. Richard is a graduate of Cannon Financial Institute, and has achieved the Certified Trust & Financial Advisor (CTFA) designation from the Institute of Certified Bankers. He has served as an estate planning instructor for the National Business Institute and is an instructor for the Nebraska/Kansas Schools of Banking Advance Trust School. Richard served as a member of the Nebraska/Kansas Schools of Banking Advisory Trust Committee, He has served as legal counsel to the Nebraska State Treasurer and serves on various state and local boards and committees. Richard and his family are originally from DeWitt, Nebraska and have lived in York, Nebraska since 2002.

Todd Kramer

Todd Kramer, CTFA

Vice President, Trust & Retail Investments 

(402) 395-2151

Todd has been with Cornerstone Bank since January 2004. He received his BS in Business Administration from the University of Nebraska-Lincoln and has completed his Series 63 and Series 7 requirements. Todd is also a graduate of Cannon Financial Institute, and has achieved the Certified Trust & Financial Advisor (CTFA) designation from the Institute of Certified Bankers. Todd is a native of Pierce, Nebraska and now resides in Albion, Nebraska with his family.

Sandi Osentowski

Sandi Osentowski

Vice President, Trust Operations Manager

(402) 363-7411

Sandi has been with Cornerstone Bank since April 1997. She has been in the accounting field for over twenty-five years. Sandi has successfully completed AIB Trust Operations, Kansas & Nebraska School of Banking, Trust School and Cannon Retirement Planning Service I School. Sandi is a graduate of Cannon Financial Institute, and has achieved the Certified Securities Operations Professional (CSOP) designation from the Institute of Certified Bankers. Sandi and her husband are lifelong residents of York, Nebraska.

Pepper Papineau

Pepper Papineau

Trust Officer

(402) 363-7402

Pepper joined Cornerstone Bank in 2012 after he and his wife moved to York. He is a graduate of Doane College with a Bachelor of Arts in Professional Studies in Business, Marketing emphasis. Pepper has attended the Cannon Institute completing a course in Trust Audit, Compliance, & Risk Management, he is continuing his Cannon education pursuing the Certified Trust & Financial Advisor (CTFA) designation.

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