A testamentary trust is established by your Will to provide security for your family or other loved ones. This trust is especially effective in providing for those too young or not capable to assume responsibility of inheritance. A testamentary trust, also known as a Trust Under Will, can help protect your estate and provide for your loved ones by:
Reducing the estate tax burden at your death
Meeting major expenses like education or health services
Providing lifetime support without leaving your assets directly to your beneficiaries
Maintaining a legacy to a favored charity
Not a Deposit.
Not Insured by any Government Agency.
Not Guaranteed by the Bank.
May go Down in Value.
How many BancorpSouth locations are there, and where are they located?
BancorpSouth has over 200 locations in the following states: Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas. To locate a branch, please click here.
How do I transfer funds?
To transfers funds between your BancorpSouth accounts: Select the tab "Transfers" within online banking. Choose "Internal Transfer" for fund transfers between BancorpSouth bank accounts. Select the "from account" and the "to account". Choose the frequency, first transfer date, number of transfers and "transfer amount". For a one time transfer the transfer date and the number of transfers defaults to current date and one transfer. The next screen will ask you to verify the transfer, if correct select "add transfer". A confirmation page will be displayed. Transfers after 10:30 pm CST will be considered as being made on the following business day.