Personal Trust

Trust created during the life of the grantor.  We work with the grantor to provide any trust services beneficial both during their life and after

Special Needs Trusts

Often used to protect and provide for individuals with special needs

Charitable Trusts

Provide benefits for charities who grantors wish to favor with donations and long term support

Life Insurance Trusts

Irrevocable trusts for estate planning and family protection

Estate Settlement and Administration

Complete professional administration of the entire probate process required to settle estates

Guardianship and Conservator Administration

Service for those persons for whom the court has appointed a personal representative

Investment Management

Investment services and management of investment portfolios

Farm and Property Management

Complete professional management of farm, commercial, rental, timber, and mineral properties

Traditional IRA

An excellent way to save for retirement with tax-deferred earnings and, for many people, an income tax deduction.  This account allows you to minimize your taxes now while saving for retirement.

Roth IRA

An individual savings option that allows only nondeductible contributions but features tax-free withdrawals for certain distribution reasons after a five-year holding period.  This type of account minimizes your taxes in the future with tax-free earnings.

SIMPLE IRA

A Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) Plan allows for employees to contribute to their own retirement through salary reduction and employers to also contribute through an IRA account.  This avoids the expense and administration of an employer retirement plan that requires a trust.  

SEP IRA

A Simplified Employee Pension (SEP) Plan established by an employer.  Each year, the employer can contribute a certain percentage of each eligible employee’s compensation directly to the employee’s IRA account.

CESA

The Coverdell Education Savings Account is a nondeductible account that allows contributions to grow and funds to be withdrawn tax-free for a child’s education expenses.

401 (k) Plans

As a business owner, you know employee satisfaction impacts the success of your organization. Offering attractive benefits is one way you can raise employee satisfaction—and attract and retain quality staff. And, one of the most attractive benefits you can offer your employee is a 401(k) Plan.

It’s easy, convenient, and inexpensive…with important tax advantages for everyone. Perhaps most importantly, our 401(k) plan helps your employees grow sizeable funds for the future. It’s the benefit that keeps on rewarding your staff long into their retirement years.

Contribution Options

For convenience and maximum flexibility, our 401(k) plan offers three contribution options:

• Employer contributions – made at your discretion to the profit sharing plan.
• Employee contributions – via a salary reduction agreement.
• Employer matching contributions – matching all or part of individual salary reductions to encourage employees to participate and contribute.

Tax Benefits

All employer contributions are a tax deduction for your business! The annual deduction limit is 25 percent of the total compensation of all participants.

All employee salary reduction contributions reduce the employee’s adjusted gross income, thereby reducing his/her taxable income.

Convenience

Employee contributions are made via convenient payroll deductions. A hassle-free and disciplined way to save, this plan makes it easy for you and your employees to build for retirement…with consistent deposits each pay period.

Deposits

Deposits to an HSA may be made by any policyholder of a Qualified High Deductible Health Plan (HDHP), or by an employer on behalf of a policyholder.

The annual maximum deposit to an HSA is the lesser of the HDHP deductible or specified IRS limits.

If a person is a participant in an HDHP for less than an entire year, the maximum deposit is prorated based on the number of months the person is enrolled in the HDHP. A catch-up provision also applies for HDHP participants who are age 55 or over, allowing the IRS limit to be increased.

Withdrawals

HSA participants do not have to obtain advance approval from their HSA custodian or their medical insurer in order to withdraw funds, and the funds are not subject to income taxation if made for qualified medical expenses. These include deductibles and coinsurance as well as many other expenses not covered under medical plans, such as dental, vision and chiropractic care; durable medical equipment such as eyeglasses and hearing aids; and transportation expenses related to medical care.

Generally, if funds are withdrawn for a reason other than a qualified medical expense, those funds become subject to income tax. Once a person reaches the age of 65 or becomes disabled, however, funds can be withdrawn from an HSA for any reason without penalty. For funds that are used for non-medical expenses, regular income tax needs to be paid.

When a person dies, the funds in their HSA are transferred to the beneficiary named for the account. If the beneficiary is a surviving spouse, the transfer is tax-free.