National Structured Settlement Trade Association (NSSTA)

Winnebago County Bar Association

Special Needs Alliance (SNA)

Academy of Special Needs Planners (ASNP)

Illinois Institute for Continuing Legal Education (IICLE) – Estate Planning, Elder Law, Special Needs

Illinois CASA (Court Appointed Special Advocates)

YMCA

March of Dimes

Klehm Arboretum & Botanic Garden

Midway Village Museum

Barbara Olson Center of Hope

Mendelssohn Performing Arts Center

Discovery Center Museum

Rockford Symphony Orchestra

A corporate trustee is a legal entity, such as Midland Trust Company based here in Rockford, IL, that serves in a fiduciary capacity to manage and administer various trusts and estate plans on behalf of beneficiaries. Unlike individual trustees who may lack specialized expertise, corporate trustees have extensive knowledge in trust management, investment strategies, financial planning, and estate administration. By choosing Midland Trust Company as your corporate trustee, you can rest easy that the wishes and best interests of the trust creator (grantor) are upheld, and the needs of the beneficiaries are addressed.

Our corporate trustee services in Rockford, IL, cover various scenarios:

• Guardianship of the Estate (or Conservatorship): When an individual is unable to manage his/her own financial affairs and has been adjudicated as disabled, the court will appoint a person or corporation to manage the individual’s financial affairs. In some states, the term Guardianship is used, while in other States, the term Conservatorship is used. In each instance, the appointed person or corporation is responsible to manage the financial affairs of the child or adult adjudicated disabled. As corporate guardian, we manage and safeguard assets and offer an array of services to address current and future needs, working to ensure the individual’s health and well-being are protected.
• Special Needs Trust: For beneficiaries with disabilities, a special needs trust is designed to provide financial support without jeopardizing their government benefits. As corporate trustee, we manage the trust funds, disbursing funds for supplemental needs while navigating complex regulations to maintain beneficiary eligibility for public assistance programs.
• Traditional Trust and Estate Plan: In the case of a traditional trust, where a grantor establishes a trust for one or more beneficiaries, a corporate trustee serves as the trustee. We administer the trust according to the grantor's instructions, manage trust assets, make distributions, file tax returns, and handle other administrative tasks with the goal of ensuring the trust's objectives are met and beneficiaries are well-cared for.

To learn more about how Midland Trust Company in Rockford, IL, can assist you or your client, reach out to us today.

Partnering with a trust officer in Rockford for trust and estate administration can yield significant benefits. Entrusting your financial affairs to one of our trust officers provides access to expert guidance, personalized service, and peace of mind.

As fiduciaries, our trust officers in Rockford, IL, are ethically bound to act in your or your client’s best interest. We possess the knowledge and experience to make sound financial decisions, optimize strategies, and help protect trust assets.

Our trust administrators handle the administrative burden associated with trusts and estate plans, allowing you or your client to focus on more important aspects of life. We efficiently manage tax reporting, accounting, and recordkeeping, providing transparency and accountability.

For high-net-worth individuals and families, our team of professionals can develop comprehensive wealth transfer strategies to preserve assets for future generations, while also supporting philanthropic goals through charitable giving.

Moreover, at Midland Trust Company, our trust officers and administrators offer a human touch to financial management, building long-term relationships with clients based on trust and understanding. We take the time to listen to your unique circumstances, aspirations, and concerns, creating personalized financial plans that evolve with changing needs.

If you’d like to connect with a member of our team at Midland Trust Company in Rockford, IL, contact us today for more information.

When choosing a corporate trustee in Rockford, IL, or beyond, it's essential to focus on several key factors to make an informed decision. At Midland Trust Company, we recommend considering the following:

• Experience: Look for a corporate trustee with a proven track record of successfully administering trusts similar to yours.
• Range of Services: Ensure the corporate trustee offers a comprehensive range of services that align with your specific needs and goals.
• Fees and Charges: Review the corporate trustee's fee structure and assess whether it aligns with the value they provide.
• Responsiveness: Choose a trustee who is responsive and accessible when you need assistance or have questions.
• Personalized Solutions: Prioritize a corporate trustee like Midland Trust Company that tailors solutions to your unique circumstances and goals.
• Commitment to Fiduciary Duties: Select a corporate trustee that demonstrates a commitment to act in your best interest and protect your financial well-being.

For a trusted corporate trustee in Rockford, IL, that meets all these criteria and more, reach out to Midland Trust Company to explore your options.