Estate Planning & Settlement
Your legacy, thoughtfully planned and preserved.
Alleviate the Natural Stress That Comes with Planning and Executing Your Will
Institute a Trustee
Establish the administration and management of your trust to ensure that your wishes, as expressed in the trust, are followed. A well-executed estate plan will include preparation and filing of tax returns, payment of bills and disbursement of income, and disposition of assets after death.
Insure your Assets
Building an estate is one thing. Protecting it so it can meet your needs and be passed onto your heirs is quite another. When the unexpected happens, our smart risk management and insurance strategies provide peace of mind.
Trust Services
As Your Fiduciary, We Are Committed to Upholding Your Wishes
Standby Trust
Designed to allow you to maintain control over your estate, only ceding powers to trustees in the event of special trigger events stipulate the help of a Horizon Bank Advisor.
Charitable Trust
Ensures that regular payments are made to a charity of your choice for a set number of years.
Insurance Trust
Transforms your life insurance benefits into a trust to create tax advantages and special asset protection for your beneficiaries.
Special Needs Trust
Ideal trust solution to ensure that your chronically or severely disabled beneficiaries are provided for with maximum support.
Spendthrift Trust
Guarantee that your estate is managed effectively and your will is executed properly in the event that one of your beneficiaries has difficulty making appropriate financial decisions.
Why Choose Horizon for Your Trust?
We partner with you In order to help build, protect, and transition your wealth, by looking at your financial situation holistically. We understand your plans and concerns are unique to you. That’s why we take time to get to know you and & your family to learn about your financial aspirations. We ask authentic questions designed to get at the root of your goals and values, challenge your current path, and clarify your strategic choices. And we create solutions and opportunities based on alternative ways of thinking, serving as your guide at every stage of your journey.
Trust Services FAQs
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What type of assets can a Living Trust hold?
A Living Trust will allow you to secure and manage a variety of assets, such as collectibles, your investment portfolio, or even a closely held business.
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How much control do I have over my Living Trust?
As the trustee, you will be able to control your estate planning until you have directly appointed a new trustee or if you are no longer able to manage your estate through incapacitation or death. At that point, your successor trustee will gain full control over the administration of trust assets.
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For whom would I want to establish a Special Needs Trust?
Our Special Needs Trust and Supplemental Needs Trust are often established for individuals with physical or mental developmental challenges, individuals disabled due to accident, and elderly individuals.
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How do Special Needs Trusts differ from your more traditional trusts?
The Special Needs Trust and Supplemental Needs Trust have been designed with an understanding that your beneficiaries may have unique situations where a normal trust could compromise their ability to get the government support they need. With these trusts, we ensure that the assets provided to your beneficiaries through your trust will not prevent them from being eligible for critical benefit programs like Medicaid.
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When is it appropriate to consider a Spendthrift Trust compared to a more traditional trust?
Spendthrift trusts are designed to ensure that our Horizon Bank expert Advisors will manage your trusts effectively should you believe that your beneficiaries would not be able to fulfill your wishes. Through this trust, you will be able to supplement the financial needs of your loved ones without relinquishing full control over all funds. This way, you can ensure that those you care about will get the support they need while ensuring the stability of your trust for the future.
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How can I ensure my Spendthrift Trust assets are distributed wisely?
Your Horizon Bank Trust Advisor will work with you to determine restrictions regarding the distribution of trust funds. You will also be able to set up a requirement that certain beneficiaries must provide proof of external income before they are eligible to receive the distributions you have stipulated.
Investment vehicles made available through Horizon Private Wealth Management – A Division of Horizon Bank – are not deposits or other obligations of, or guaranteed by Horizon Bank. Not insured by the FDIC. Subject to investment risks, including possible loss of principal.