best interests.
The desire to provide financial security for present and future generations is a common concern for virtually every individual and family. The trust and estate specialists at Minnesota Bank & Trust can help you create a plan that meets your needs now and governs how and when you intend to transfer wealth to the people you love and the causes you care about. Key goals of the legacy creation process are enhancing and preserving assets, limiting tax liabilities, and providing maximum benefits to heirs and charities.
Revocable Living Trust
As your trustee, co-trustee, or agent for the trustee, we handle activities such as managing investments, paying bills, safekeeping assets and documents, record keeping for tax and communicating with interested parties.
Irrevocable Trust
As your trustee, we ensure that your wishes are carried out in accordance with your governing documents.
Agency and Custodial Accounts
We safe keep your assets and act upon your instructions.
Charitable Giving Strategies
Philanthropy can be an important component of any estate plan. Your gift to a qualified charity can offer significant income tax and estate tax advantages while ensuring a lasting legacy of your generosity. Let our trust specialists team up with your legal and tax counsel to design and implement the giving program that best suits the strategic goals of your estate plan.
Estate Administration Services
Our talented team of estate specialists brings years of expertise and objectivity to settling your estate as planned. We offer a wide range of specialized services, including:
- Safeguarding and marshaling your assets
- Handling complex administrative and accounting tasks for probate
- Preparing and filing tax returns
Private Foundations
Create an ongoing legacy and gain valuable tax advantages with a private foundation or an endowment to your favorite charitable organization. As the assets grow, a portion is distributed to the charity while the balance is invested for the future.
Not FDIC insured - No bank guarantee - May lose value