What Does Probating a Will Have to Do With Your IRA?

While it may be true that little old ladies have all the money, the things your financial advisor learns from helping Grandma Anderson might just help you keep and build your wealth, too.

The complexities of handling an estate or carrying out the terms of a trust are just part of what a trust company does on a daily basis. Stereotypically, people think trust companies simply take care of the financial affairs of someone who is incapacitated, or that they carry out the instructions of someone who has passed away — but in reality, trust companies handle a variety of complex financial and personal issues.

Investment Management

Handling assets and making investments is central to what a trust company does. So it stands to reason that their expertise in these areas has huge benefits for you, too! Think about it … a trust company has real-world, firsthand experience in handling estates and trusts for a variety of organizations, individuals, and families. This broad range of practical experience gives a trust officer insight when it comes to helping you plan YOUR financial future. Not only can a seasoned trust officer help you decide where your IRA should be invested, but he or she, along with a good attorney, can help you set up an estate plan that might just keep your kids from fighting!

In Your Best Interest

Heartland Trust Company manages a number of different things for a wide variety of clients: We have collected rents on land and commercial property when the owner went into a nursing home; made sure money left in trust for a disabled person helped buy a new scooter (one with bigger tires that grip better in the snow); and invested funds for endowments and foundations to serve people throughout the area. We’ve also scrutinized insurance policies; helped people who are retiring or saving for retirement to invest their savings wisely; and helped business owners plan transitions.

Financial firms come in a wide variety. It can be confusing to understand how they differ from one another. As North Dakota’s oldest independent trust company, Heartland Trust Company has built a culture around not having conflicts of interest with our clients. We can offer expert advice on a wide range of important financial matters, from the best way to title assets to what type of IRA to have and how to invest to meet your goals.

R-N.D.