Wealth Management Services

Heartland Bank is pleased to meet your asset management and trust needs. Our experienced and knowledgeable team will work with you to provide the best options when it comes to investments, trust and estate administration and retirement planning. In addition, we are also a fiduciary. Let us help you or your organization get the most out of investments.

Trusts

What would happen to your assets if you remarried, became incapacitated, or died?

You can’t always control what happens in life, but you can be prepared for both the expected and the unexpected by having a solid financial plan.

A trust could be the tool that helps you achieve your goals, such as financing your children’s education, supporting your favorite charity, saving on estate taxes, managing your assets if you are incapacitated, or providing for your family after your death.

You can depend on Heartland Bank and Trust Company to provide professional asset management, accurate tax records, and thorough and knowledgeable administration of your trust.

Some of our basic trust administration services include:

Living Trust

A Living Trust is a legal arrangement, drafted by an estate-planning attorney, that can facilitate the transfer of assets, avoid probate, maintain continuity in the case of incapacity or death, and ensure that an inheritance goes to those whom you intend.  During your lifetime, your Living Trust can be revoked in whole or in part at your discretion.  In the case of incapacity or death, your designated Trustee continues to manage your assets as your Living Trust directs, without interruption.

Testamentary Trust (Trust Under Will)

A Testamentary Trust is established under your Will, and of course, will not become effective until your death.  The terms of the Trust can provide for payment of principal, income or both to your beneficiaries, depending on your wishes. Your designated Trustee is under a legal fiduciary obligation to carry out the terms of your Trust as you have established it.

Charitable Trust

A Charitable Trust establishes a trust for the benefit of one or more of your chosen charities.  It can reduce estate taxes, eliminate capital gains, allow the grantor to claim an income tax deduction, and, of course, benefit your favorite charity.

Reap the benefits of our years of experience, investment knowledge, and objectivity!  Make the wise choice to ensure that your trust is properly administered, and choose Heartland Bank and Trust Company as Corporate Trustee or Investment Agent for your Trust.

Estate Planning

None of us expect to be gone tomorrow. But that’s exactly why we plan for the unexpected

An estate plan is simply this: Knowing what happens to all of your assets after death. Those assets can include anything from stocks, insurance, and pensions to cars, homes and even debt. That’s why it is vital to have a plan in place long before it is needed. Since most of us don’t know when that will be, now is the time to put together a solid course of action.

Heartland Bank and Trust Company’s Asset Management and Trust Services Department have the tools and expertise to help you navigate the complexities of estate planning. Our team members offer decades of combined experience in trust and estate administration. We will walk you through each aspect of the planning process, starting with the most basic Last Will and Testament to more in-depth preparation.

Let our team of experts help you get started today.

Navigating the Terms

During the estate planning process, you will hear a lot of terms that you may not recognize. Educate yourself on the most common with this useful glossary of terms.

Last Will and Testament

A Will is a written legal document that details what will happen to your property and possessions at death. Once completed, you can either revoke or make changes to your Will by amending it. These amendments are called a codicil, and they can be added in prior to death as long as you are physically and mentally able. You are to assign someone as an Executor to ensure your Will is completed. 

Executor

This individual or trust institution is named in a Will, and is in charge of ensuring all debts for the deceased are taken care of and the Will is satisfied. It’s a big job for one person, which is why Heartland Bank and Trust Company can be an important ally as Executor of your Will.

Guardian

One of the most important things you can do is make sure your young children are taken care of if something were to happen to you. This starts with appointing a trusted person in your Will to act as Guardian. They are confirmed by the court and their role is to care for your property and your kids. Appointing a Guardian is a big decision that should be talked through with the person you intend to choose.

Administrator

When you don’t create a valid Will, your resident state laws will determine who receives your property. The court will appoint an Administrator, who will settle your estate and determine distribution. This may leave out individuals to which you had hoped to endow items.  

Probate

Probate is the first step in executing a Will. It begins in Probate court, where the Will is presented and proved to be valid. Probate is also the time the executor is officially appointed. Depending on the size of the estate and the manner of the will, Probate can last a few months or years.

Pour-over Will

A pour-over Will is simply a type of Will that takes the property of a deceased individual and transfers it over to an existing trust account. A pour-over Will is beneficial for individuals that have created living trusts for children or relatives, as it works hand-in-hand with the trust account to have assets consolidated together. 

Heartland Bank and Trust Company's Asset Management & Trust Services Department is a trusted partner for many clients that utilize our skills and knowledge to serve as Executor of their estate. We pride ourselves in professionalism, confidentiality and a thorough approach – ensuring your legacy remains exactly as you had planned. 

Contact Asset Management & Trust Services Today


 

Heartland Bank and Trust Company Asset Management and Trust Services is not a broker/dealer. Equity and bond trading in customer accounts is transacted through independent broker/dealers.

Securities and insurance products are NOT deposits of Heartland Bank, are NOT FDIC insured, are NOT guaranteed by or obligations of the bank, and are subject to potential fluctuation in return and possible loss of principal.
Heartland Bank and Trust Company Asset Management and Trust Services is not a broker/dealer. Equity and bond trading in customer accounts is transacted through independent broker/dealers.
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