Fiduciary Services

Trust and Estate Administration

Experienced, Trusted Estate Advisors. 

 

With decades worth of combined experience in dealing with families from countless walks of life, our Trust Officers professionally administer several types of trusts. 

We’re comfortable dealing with all manner of client circumstances, ranging from the simple to the highly complex. Additionally, we often serve as Agent under a Durable Financial Power of Attorney, when needed. While our in-house Portfolio Management team typically manages trust assets, we’re also pleased to partner with outside money managers when clients prefer that approach.

Trust administration is complicated and requires a thorough working knowledge of fiduciary law, estate planning, investment management and taxation issues. It also demands compassion, absolute commitment to impartiality in dealing with beneficiaries, and availability. Our Trust Officers possess all these attributes, nurturing them through extensive continuing education programs and with cutting-edge resources, and never losing focus on serving your loved ones with integrity and dedication

Email us at  wealthmgmt@lakeridge.bank or  call (608) 826-3570 for information about how you can benefit from our Wealth Management Division’s full range of trustee and other fiduciary services. Or come and see us at our Bridge Road location at 6430 Bridge Road.

 


 

As your Trustee, we will...

As you are considering choosing a trustee, it’s helpful to understand the wide-range and complex duties that your trustee will undertake. These capabilities merely scratch the surface. There are a host of additional responsibilities that you should expect your trustee to perform, duties that must be carried out with the maximum of skill and the highest degree of dedication.

Act as Your...

• Trustee  
• Successor Trustee
• Co-Trustee
• Personal Representative
• Power of Attorney for Finances
• Guardian/Conservator

Take Initial Control of Trust Assets

Reviewing the instructions in the trust agreement and meeting with the trust’s creator or the beneficiaries to discuss their needs.

Assume Administrative Duties

Transferring assets to the trust and inventorying them; setting up the recordkeeping tools; obtaining adequate insurance on insurable assets.

Make Payments to Trust Beneficiaries

As dictated by the trust agreement, exercising discretion in making distributions as authorized by the agreement.

File Necessary Tax Returns

Keeping a record of taxable income and the cost basis of all assets and furnishing data for the beneficiaries’ tax returns annually.

Distribute Trust Assets

Calculating the proper share for the beneficiaries and arranging for the transfer of the trust’s assets to them.

Let’s Get Started

Email us at wealthmgmt@lakeridge.bank or call (608) 826-3570 for information about how you can benefit from our Wealth Management Division’s full range of trustee and other fiduciary services. Or come and see us at our Bridge Road at 6430 Bridge Road.