Living Trust with Investment Service
Under this agreement an individual transfers property to a trust during his/her lifetime for the benefit of themselves, their family or beneficiaries. The trust can be revocable or irrevocable. A team of highly qualified personnel will invest and manage your assets for you.
Living Trust without Investment Service
Under this agreement an individual transfers property to a trust during his/her lifetime for the benefit of themselves, their family or beneficiaries. The trust can be revocable or irrevocable. In this form of trust we will take possession of and protect your property and buy or sell securities at your direction.
Trustee Under a Will
This is established by the provisions of the Last Will and Testament of an individual. Upon death of the individual under this agreement, we as trustee take possession of and protect your property under trust; receive income and payments due the trust; distribute same according to the Will provisions; keep a current and accurate set of books for the trust; obey and perform all orders of the Court.
Formerly known as the “Executor” or “Administrator” of an estate, the Personal Representative is appointed by the court. As Personal Representative we take possession of and manage your property after death; we will work with your attorney to prepare a complete inventory of the assets and notify all interested parties. We also collect income due and make disbursements on legitimate claims; assist in determining the names of possible heirs as well as beneficiaries named in your Will; determine and pay all taxes due; prepare a final account and distribute the remaining assets to the proper heirs and file receipts with the court.
We will safeguard and hold your securities and collect income or principal due. We can act as either a discretionary (investment authority) or nondiscretionary (investment consulting) investment agent under your direction.
We will safeguard and hold your securities and collect income or principal due, buy or sell securities at your direction.
Guardian, Conservator or Power of Attorney
The court will appoint a guardian when a person is unable to manage his/her own affairs, either by reason of being a minor or an incompetent. If an individual wishes to have the bank help them manage their affairs, they may voluntarily petition the court to appoint a conservator. The bank will manage the assets in the best interest of the individual and provide for the care of the individual as set forth in Wisconsin Statutes.
Acceptance and Termination Fees
These fees may be changed to commensurate with the work required.
Annual Fee Explanation
Our annual fee is based on the market value of the principal with fixed income assets included at par. This schedule of fees is to serve as a guide in determining approximate costs of the various services. The bank may alter the price structure or may charge a particular account different fees from the schedule if it deems the magnitude of the work involved warrants it. Any accounts which require court accounting will be subject to court approval of fees charged. If real estate is part of the account relationship, additional fees are assessed. The expense of preparing tax returns, if any, will be billed to the account at our cost. The fees for the Living Trust, Trustee Under a Will and Agency are based on a sliding scale beginning at ¾ of 1% of the market value. A minimum fee of $600 per year is charged. The Guardian, Conservator, or Power of Attorney is based on the same sliding scale with a minimum fee of $900 per year. Custodian services have an annual fee of ½ of 1% of the market value with a minimum fee of $600 per year. Fees for serving as Personal Representative are set by Wisconsin Statute 857.05 which is 2% of the inventory value less any mortgages or liens plus net principal gains and such further sums in cases of unusual difficulty or extraordinary services as the court determines.
If the bank acts as a co-trustee our fee will be the same as if we were the sole trustee. If you want your co-trustee to be compensated, please state this in your written instrument.
Trust Services Team