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Wealth Transfer
Transferring your wealth and settling your estate are complicated processes. Our trust officers can work with you and your advisors to help with:
- Asset identification, collection, valuation and management
- Probate estate and trust administration
- Tax and legal strategies development to minimize all types of taxes–estate, generation skipping and income
- Tax preparation or review
- Preparation of all required inventories and accountings
- Distribution of assets in accordance with the estate plan
We will provide as much professional support as you need by serving as your executor, trustee or agent – whichever you prefer.
Guardianship Services
For those unable to handle their own financial responsibilities, such as children or disabled adults, MidWestOne Bank can protect your estate as your legal financial guardian. In this role, we accept legal responsibility for managing all of your assets, including:
- Paying all bills and ongoing expenses
- Determining overall cash flow requirements and living expenses
- Establishing a monthly budget
- Coordinating medical insurance filings and expenditures for medical equipment
- Preparing and planning state and federal income tax returns
- Investing and managing all assets, including real estate
We pledge to protect the financial security of your family members until they reach legal age or, in some cases, for the rest of their lives.
* Securities offered through Linsco/Private Ledger (Member FINRA/SIPC) a registered broker dealer, securities and or insurance products are not insured by the FDIC; are not a deposit or any other obligation of, or guaranteed by, the depository institution, are subject to risks, including the loss of principal amount invested. MidWestOne Bank is not affiliated with Linsco/Private Ledger.
