Personal Estate and Trust Services

• Personal In-depth review of all retirement plans
• Retirement cash flow planning
• Trusts and will planning
• Legacy and Dynasty trusts
• Oil, gas, and mineral rights management
• Gift and charitable options
• Liquidity analysis for estate settlement and final distribution
• 1042 Election options

You may have an idea what you would like to do – you just don’t know how it would affect your plans for yourself and your heirs. We can help model scenarios to help you decide what planning tools are right for you.

A third-party trustee can serve your family without bias or emotion. Talk with us, your attorney, your accountant, or your financial advisor and discuss the benefits of having a Trustee involved in executing your plan.

We can reduce disharmony among family members when a loved one passes away. Estate Settlement is an important service that manages payment of all final expenses and a smooth transition of assets to beneficiaries.

We help with –

• Funeral arrangement assistance
• Filing of life and health insurance claims
• Facilitating family meetings
• Payment of all final expenses
• Distribution of assets

Why South Dakota is 'Trust-friendly'

• No state income tax
• No state estate or inheritance tax
• No Trust (fiduciary) income tax
• No 'Rule Against Perpetuities' (the Trust can last forever)
• Ranked in the top four states for Trusts (Trusts & Estates magazine - January 2012)
• State law allows for designation of an outside investment advisor

When it is important to preserve your wealth a Dynasty, or Perpetual Trust, may be a good solution.

• A tool to preserve wealth for successive generations
• A legal method to minimize Federal estate, gift, and inheritance taxes
• A strategy for asset protection from creditors, judgments, and divorces
• Irrevocable at document signing or upon death

Dynasty Trusts are most beneficial when -

• Your family has a high net worth
• You have cash, stocks, bonds, mutual funds, and insurance policies to preserve
• You want to benefit future generations in a way that works in concert with your estate plan
• You want peace of mind knowing assets are secure and goals are fulfilled

What if you wanted to…?

That is where we come in. We help you create a plan draft and then let you say “what if we…?”

We then model potential outcomes that let you make important choices. We will work with you to understand all your assets and retirement plans; how they work together and how they work toward your goals living in retirement.

It’s your money and we can help you control it and make it work for you.

As you accumulate wealth and assets, professional Money Management becomes more important.

To learn more, Contact Us.

• Money market accounts
• Mutual funds
• Individual stocks and bonds
• Exchange traded funds (ETFs)
• Trust planning and management
• Life insurance

You may have an idea what you would like to do but you just don’t know how it would affect your plans for yourself and your heirs. We can help model scenarios to help you decide what planning tools are right for you.

For many years, a significant portion of our total discretionary assets under management at LibertyPrime Bank have been comprised of relationships with charitable and non-profit organizations including colleges, universities, hospitals, private foundations, and other various charitable organizations.

Currently, not-for-profit assets under management are about a third of our discretionary assets.

It’s good to know professional management of financial affairs and medical recordkeeping, often called Elder Care, is just a phone call away.

• Investment asset management – statements are summarized to report status of income and expenses
• Health care – we pay medical bills, process Medicare and insurance claims, and coordinate home health care
• Tax return assistance – we collect information for your tax preparer
• Estate coordination and settlement – we make sure wills are current; funeral arrangement are made; final expenses are paid; and assets are distributed
• Bill paying service – we pay bills and other expenses on your behalf