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What is a Trust?

A Trust is a legal entity that is created when you transfer assets to a trustee for the benefit of a third person (the “beneficiary”). The trustee manages the assets for the beneficiary in accordance with the instructions found in the Trust document. 

Why use a Trust?

There are many different reasons you may want to use a Trust. For example, you may want to:

  • Avoid probate
  • Have professional management of your assets
  • Provide for your minor children and grandchildren
  • Provide for complex familial relationships 
  • Protect against disability and mental incapacitation
  • Benefit a charity
  • Shield your assets from civil liability 

How do I create a Trust?

To create a Trust, you usually need to create a written document that provides the terms of the Trust. Among other things, the Trust document typically names a trustee, directs the trustee how to manage and invest the assets in the Trust, names the beneficiaries of the Trust, and instructs the trustee regarding when to make distributions to the beneficiaries. In most cases, an attorney should draft the Trust document.

How can we help?

Our Trust officers can act as trustee in all manner of irrevocable, testamentary, special needs, and life insurance Trusts. We are also available to serve as co-trustee or successor trustee for those that manage their assets until death or disability. In partnering with CFSB Trust Services, you gain access to a deep toolbox of Trust administration, fiduciary investment management, and estate planning resources, all with the warm, locally-focused touch you’ve come to expect from Western Kentucky’s Community Bank.

What services do we provide?

  • Personal and Corporate Trust Administration
  • Fiduciary Investment Management
  • Real Estate, Unique Asset and Farm Management
  • Estate Planning and Settlement
  • 1031 Exchanges
  • Conservatorship
  • Safekeeping 

Meet Our Trust Team


Renee Carlstrom

Todd Myers

Email Address: [email protected]

Phone Number: 270-527-6073

A native of suburban Chicago, she moved to Western Kentucky in 2007 where she worked at Murray State University as the Office Assistant to the Office of Multicultural Affairs.  In 2013, after meeting her husband Alex, she relocated to Des Moines to be closer to him.  For 6 ½  years, she worked in a financial institution’s Wealth Management department as the Administrative Assistant to the Senior Wealth Management Counsel and the Chief Compliance Officer.  CFSB Chief Executive Officer Michael Radcliffe said, “Renee brings a tremendous amount of knowledge to CFSB Trust.  We are excited to have her with us!”

In January 2020, the Carlstrom family, including four year old Cole, moved to Gilbertsville and Renee began her career at CFSB.  The Carlstrom Family are members of Christian Fellowship Church in Briensburg.

Cody Myers

Cody Myers

Email Address: [email protected]

Phone Number: 270-527-6099

Cody began his career at CFSB in May 2015 as a Relationship Banker before his promotion to Client Relationship Manager and, later, Trust Officer with his office at the Benton Banking Center.  Marshall County Market President Jason Jones said, “Cody is devoted to helping clients reach financial freedom.  This desire will allow him to assist individuals in making educated financial decisions.”             

Myers graduated from Marshall County High School, a member of the Class of 2010.  Cody received a Bachelor of Science in Business with an Area in Business Administration from Murray State University in May of 2016. He also earned his diploma from the American Bankers Association Trust School in 2019.  His civic service includes membership in both the Kentucky Lake Young Professionals and the Kentucky Department of Education’s Financial Literacy Advisory Panel. Cody resides in Benton with his wife, Bailey, and their son, Graham.


Community Financial Services Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique.

You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

Investment and Insurance products and services including annuities are: Not a Deposit | Not FDIC Insured | May Lose Value | Not Bank Guaranteed | Not Insured by any Federal Government Agency.

Traditional banking services are offered by Community Financial Services Bank. Member FDIC. Equal Housing Lender.