Are You a Living Trust Candidate?

Any comprehensive review of a person’s financial planning is likely to touch upon the value of a revocable living trust for investment management. The trust approach provides a great tool for delegating investment responsibility into experienced hands without giving up control of assets. Good candidates for a living trust include those who:

Own assets in more than one state.
Are concerned about financial management upon illness or incapacity.
Value family financial privacy.
Want to ensure immediate family access to assets after the owner’s death.

For a real-life example of family financial privacy, one need look no further than the will and living trust of actor Gene Hackman, who died in 2025. There was a flurry of speculation when the details of his will included no mention of his children, but the talk died down quickly when it was learned that there was much more to Hackman’s estate plan than first reported—he had living trusts in place as well.

Think you might be a candidate for a living trust? Reach out to our Wealth Management team to learn more.

Securities and Insurance products are NOT deposits of Heartland Bank, are NOT FDIC insured, are NOT guaranteed by or obligations of the bank, are NOT insured by any government agency, and are subject to potential fluctuation in return and possible loss of principal.

Legal, Investment and Tax Notice: This information is not intended to be and should not be treated as legal advice or tax advice. Readers should under no circumstances rely upon this information as a substitute for their own research or for obtaining specific legal or tax advice from their own counsel.