Articles from the Experts
- Jean Durham, Legal Associate: Creating a Plan to Manage and Preserve Your Real Estate - October 2023
- Nancy Schoenberg, Senior Trust Administrator: Two Types of Special Needs Trusts - October 2023
- Terry Doyle, Director of Fiduciary Sales: Separating Investment Management and Trust Administration Duties: Directed and Delegated Trusts - August 2023
- Jasper Vaccaro, Managing Director: Case Study: Time for, and the value of, a Corporate Trustee - June 2023
- Terry Doyle, Director of Fiduciary Sales: Pitfalls of Estate Planning - January 2023
- WealthManagement.com: Five Tips for Dealing with an Unresponsive Corporate Trustee - August 3, 2021
- Wisconsin Lawyer Magazine: 101: Estate Planning: 5 Pitfalls to Avoid - March 2021
- Accounting Today: 2020 year-end tax planning for trusts can yield major savings - December 24, 2020
- Advisor Perspectives: Five Ways Corporate Trustees Can Be Replaced - October 13, 2020
Read Our Contributions to the Milwaukee Business Journal
- There are options when it's time to replace your corporate trustee
- IRA planning tips for changes associated with the SECURE and CARES acts
- Do you know your banker? Why it might be time to consider a private banking relationship
- Understanding trust distributions - They do not work like a bank or investment account
- What does a trustee do? Understanding the duties and reporting process.
- When it comes to estate planning, let the pros handle it, not Hollywood
- Trust administration trends: Special needs trusts
- How the new Tax Act impacts individual and fiduciary income tax planning
- Latest trends in trust administration and investment management
Ask A Banker Videos
See our bankers in action as they talk about specific products and services offered by Prairie Trust!
What is Prairie Trust?
Presented by: Autumn Bartlett, Personal Trust Assistant
Prairie Trust is a division of Waukesha State Bank that has been providing trust services for more than 45 years. We offer a wide range of services in trust administration and estate settlement. Our team of senior trust administrators specializes in fiduciary trust management, irrevocable, revocable, directed, delegated, life insurance, charitable, special needs trust and estate administration. Our direct personal contact in real estate, tax and special needs administration sets us apart to better serve clients with a variety of needs. Though Prairie Trust does not draft trust documents, we work with highly experienced attorneys to assist clients in carrying out estate plans. Prairie Trust draws on our expertise and knowledge to deliver an exceptional customer experience.
What is a Living Trust?
Presented by: Thom Kieffer, Vice President - Senior Trust Administrator
What is a living trust. A living trust, often referred to as a revocable living trust, is a legal entity created through a legal process. As an individual or couple, you place your financial and personal assets into your trust, but under the control of a trustee that you designate. You can name yourself as trustee, keeping full control of your assets while you’re able and willing. Prairie Trust is often hired by our clients as investment manager as they self-trustee their trust. Prairie Trust is also named by clients to step in as successor trustee when dictated, or when you’re unable to manage your own affairs because of incapacity or death. We act as you, for you, based on the terms you set out in your trust document. Living trusts have many benefits during your lifetime in meeting your financial needs and enhancing your goals. Upon your death, your trust has two main advantages over a traditional will. Avoiding the scrutiny of the public and legal court probate process, and ensuring privacy by dispersing your assets directly to your heirs without public disclosure. Creating and funding a living trust requires some planning, working with an attorney to draft a legal document, then action from you to establish and maintain. A Prairie Trust professional would welcome the opportunity to guide you through this worthwhile process.