Personal Trust and Estate Services
MB Financial Bank’s Personal Trust and Estate Services team capably and discreetly administers revocable and irrevocable trusts, decedents’ estates and guardianship estates for minors and for disabled adults. The variety of trusts we administer includes marital and family trusts, charitable lead trusts, charitable remainder trusts, gift trusts, dynasty trusts, special needs trusts and private foundations. We also serve as agent for individual fiduciaries. Our team of talented trust professionals average over 20 years of experience and are committed to providing outstanding service with a personal touch.
Personal trust administration
MB provides trust administration services for revocable and irrevocable personal trusts created under the terms of a trust agreement or a will. Each personal trust has a dedicated team comprised of a trust advisor and a portfolio manager who provide effective tax planning* and investment management strategies suited to the trust and the needs of its beneficiaries.
Whether acting as executor or as agent for an executor, MB delivers the personalized attention necessary to serve the interests of the estate of a decedent and its beneficiaries. Our estate settlement team includes estate administrators, investment managers and tax specialists* who have experience in settling complex decedents’ estates accurately and efficiently.
Guardianships and special needs trusts
Court-supervised guardianship estates are needed to manage estates of persons who are unable to manage their estates themselves, such as minors who become entitled to settlements and adults who are found by a court to be unable to manage their financial affairs. MB has many years of experience in serving as a court-appointed guardian both for minors and for disabled adults. We also serve as trustee of special needs trusts (which often are court supervised) that must be administered carefully to avoid disqualifying a beneficiary from receiving governmental benefits (such as Medicaid and Social Security).
Comprehensive fiduciary services
Based upon the needs of a trust or estate, MB's Personal Trust and Estate Services include:Skip Comprehensive fiduciary services bullets/links
- Asset collection and custody
- Preparation of inventories
- Investment management
- Settlement of debts and claims
- Ongoing bill payment
- Real estate services
- Tax planning and filing*
- Periodic detailed account statements
- Preparation of accountings and court filings
- Exercise of discretionary powers regarding distributions
- Secure online access to account information
- 1031 Tax-Deferred Exchanges*
*IRS Circular 230 Disclosure: To the extent that this page concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by law.
You are responsible for your own tax research and decisions. Always seek the advice of your tax advisor before making any exchange. You and your tax advisor are responsible for assuring that your exchange is compliant. Back to top