Fiduciary & Trust Services
At Frandsen Bank Wealth Management & Trust, we understand that financial management is not just about money. It’s about the life you want now, the relationships you cherish, and the legacy you leave. It’s about preserving and enhancing your assets for the benefit of your family, your employees, and future generations.
We are a team of highly principled, financial professionals who will work alongside your existing legal and tax advisors. We are not commission based, so our highest priority will always be to carry out the priorities you set for us.
In operation since 1969, Frandsen Bank & Trust’s Wealth Management & Trust division currently assists over 900 individual and business clients throughout the Upper Midwest, with over $350 million in assets under management.
We are uniquely equipped to guide you through your financial, estate, and succession planning processes and to walk with you and your successors to help ensure financial success at each step.
Once viewed as a privilege for the rich, trusts are now considered a financial tool for anyone. Two primary uses of trusts are to reduce or eliminate estate taxes and to allow a client to control the distribution of assets after death. Trusts can be established during one’s lifetime or at death to provide for a surviving spouse, children, grandchildren, individuals with special needs, and charities.
A corporate trustee for your living or testamentary trust gives you confidence that the trustee will be able to serve for the entire term of your trust—even if it spans generations. Our experienced professional trust officers can also serve as cotustees for others you may name as trustee.
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