Planning and preservation starts with our team
Planning and preservation requires assistance from a group of knowledgeable veterans who rely on proven strategies to manage trusts and implement estate plans geared toward your specific goals.
Dawn Griffin, JD, CPA, CTFA
Senior Vice President
Fiduciary Services Manager
Dawn has been in the trusts and estates field since 2000. Prior to joining First American Bank in 2007, Dawn worked as an attorney concentrating in estate planning, business transactions and trust administration. She received her Bachelor of Arts degree cum laude from Northern Illinois University and her law degree from DePaul University College of Law. Dawn is also an Illinois Certified Public Accountant. In addition, Dawn has attained her Certified Trust and Financial Advisor designation. She is a board member of the Fox Valley Estate Planning Council as well as the Illinois CPA Society - Fox Valley Chapter. Dawn is a licensed attorney.
Beverly has over 30 years of experience in the areas of estate, trust and guardianship administration. Before joining First American Bank in 2014, Beverly worked in the wealth management group of community banks both in Chicago and the north suburbs. She holds a bachelor’s degree from Taylor University and has attended the ABA National Graduate Trust School. Beverly is a member of the Northwest Suburban Estate Planning Council and a former member of the Chicago and Lake County Estate Planning Councils.
Angelo M. Marroquin, JD, CTFA
Assistant Vice President
Angelo brings over 10 years of wealth management experience and concentrates in the fields of personal trust and guardianship administration, and estate settlement. Prior to joining First American Bank, Angelo served in the fiduciary group for both community and national banks. Angelo holds a Bachelor of Science degree cum laude in Finance and Economics from Elmhurst College as well as a Juris Doctor from the UIC John Marshall Law School. In addition, Angelo has attained his Certified Trust and Financial Advisor (CTFA) designation and is currently pursuing the certified financial planner (CFP) designation. Angelo is a licensed attorney.
Not FDIC Insured | Not Bank Guaranteed | May Lose Value | Not Guaranteed by Any Government Agency | Not a Bank Deposit
However, if you are still working, you are not required to begin RMDs from your employer sponsored plan until April 1 of the year following the year in which you terminate employment. This exception does not apply if you own more than 5% of the employer, nor does it apply to IRAs.
Special Note: For 2020 the CARES Act temporarily suspended the RMD requirements from IRAs and qualified retirement plans provided the employer sponsoring the plan adopts the CARES Act provisions. Check with the sponsor of your retirement plan to confirm if you must take an RMD for 2020.
a. $19,500 for 2021;
b. the maximum deferral amount allowed under the terms of the plan; or
c. the amount that allows the plan to meet the required nondiscrimination tests.
In addition, if you attain age 50 or older by December 31, you may defer an additional $6,500 catch up contribution.