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At Corn Belt Bank & Trust, it’s no coincidence that “trust” is part of our name. We’re talking about your financial future, and leaving a legacy to your family, friends and favorite charities – not the government. This calls for personal attention from a knowledgeable professional who cares about you and your goals. It means streamlining money management, so you have time to enjoy your wealth today. And it requires a bank with the capabilities to execute complex strategies while making them simple for you.
Trustee and Fiduciary Services
Asset Titling and Inventory
Relationship with Legal Counsel
Facilitate preparation of tax return
Consideration of tax consequences/implications
Fiduciary Accounting & Reporting
Duties to Beneficiaries
Collection and distribution of income
Detailed asset and transaction statements
Accounting services Compilation of tax documents Management of Assets
Asset
Management
Manage Assets for Beneficiaries
Ongoing review of assets for quality & performance Customized cash management
Power of Attorney
Flexibility
Responsibility
Limited or Broad
Administrator/Executor
Estate Settlement Services
Guardianship Account
Perform tasks associated with court directives
Preparation of periodic court reports
Collection and distribution of income
Detailed asset and transaction statements
Compilation of tax documents
Accounting services
Investment Management Services
Brokerage Services
Personalized investment portfolios
Active portfolio management
Risk/need based asset allocation
Risk and performance consulting
Periodic account review with client
Performance summaries provided to client
Consideration of tax consequences/implications
Custody Services
Perform tasks associated with client directives
Transaction accounting and reporting
Collection and distribution of income
Detailed asset and transaction statements
Compilation of tax documents
Accounting services
Land Trusts
Serve as Independent/Bonded Trustee
Safekeeping agent for trust document
Funeral Trusts
Serve as Independent/Bonded Trustee
Ensure compliance with state and federal laws
Distribution of residual earnings to estate
Management of trust funds
Planning
Estate, Retirement and Wealth
Transfer Planning
Business/Farm succession planning
Utilization of specialists
Consideration of tax consequences
Assistance in asset titling
Escrow Agent
Safekeeping agent for deed, lease, assignment
Collection of funds from obligor
Distribution of funds to the obligee
Farm Management
Determine objectives
Establish medium and long term plans
Care and husbandry issues
Manage tenant relationship
Leases and contracts
1031 Exchanges
This is one of your most powerful tax deferral strategies. A 1031 Tax Exchange allows you to trade one type of property (used for income, business or investment) for a similar property – without paying federal taxes on the transaction. Corn Belt Bank can assist you by structuring the deal, handling the necessary paperwork and notifications, completing the transaction, then giving you the documents you need for your records. We’ll make it easy to put this strategy to work for you.
Qualified/Bonded Intermediary
Act as Seller of the relinquished property
Hold the proceeds from the sale
Utilize the proceeds to purchase the replacement property
Court-Appointed Receiver
Control Cash Flow
Protect property
Manage rental arrangements
Recover security deposits
Preserve current occupancy
Ease transition of ownership
Retirement Planning
Regular IRA's
Self-direct IRA's
Roth IRA's
Guidance on distribution/election
Self Directed IRAs
Is it time to put new life in your old individual retirement account? A self directed IRA – with Corn Belt Bank as your third party custodian – can help you take advantage of strategies you might not have considered. You may invest in alternative assets. This includes real estate: commercial property, single and multi-family units, vacation rentals or condominiums. Or you may take an interest in a private entity – such as a membership in an LLC – receiving liability protection and tax-deferred growth. Let us help you rebuild the lost asset value in your retirement fund, and turn wealth into income.
Business Services:
Foundations
Unlimited access to investment products and programs
Assistance in target planning to meet commitments
Institutions
Investment, record-keeping and reporting services
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