Trust Administration | Estate Administrator | Investment Management | Land Trust
Guardianship | Retirement Plan Accounts
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The Trust & Investment Division of LaPorte Savings Bank does whatever it takes to address your most important financial goals. Our Trust & Investment Division is in place for you to plan your retirement, manage your assets, and secure a solid financial future for you and your family.
Take a moment to review some of our service capabilities and meet our Trust and Investment Professionals. What you will discover is an answer to most any financial need imaginable. In concert with your other trusted advisors, our Trust & Investment professionals can help guide you along life’s financial journey.
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LaPorte Savings Bank can provide the professional management and continuity of service to assure that your hard-earned assets are skillfully managed during your lifetime and after your death. Though some may choose to name a family member to serve such affairs, LaPorte Savings Bank can remove the emotion from administering your trust by drawing on our experience in interpreting and following your trust document’s language.
Trust services include:
- Custody of Assets
- Dividend / Interest Collection
- Investment Management
- Income Distribution
- Coordination of Tax Preparation
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The death of a friend or family member is difficult in the best of times. LaPorte Savings Bank can help in these times by acting as your estate administrator or executor. While an administrator is named by the courts when someone dies intestate (without a will), an Executor can be named within the will itself. As an administrator / executor, LaPorte Savings Bank will collect and manage the decedent’s assets, pay all debts and taxes, and distribute the remaining assets in accordance with the will or laws of Decent and Distribution. Our experienced staff can make sure the proper steps are taken in settling the decedent’s final affairs. |
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Personalized, professional, conservative oversight of your hard-earned assets is the cornerstone of our Trust & Investment Division. Whether you need current income or a hedge against the ravages of inflation, we can tailor an asset allocation program to balance your desire for return and your tolerance for risk. LaPorte Savings Bank can construct a portfolio of individual securities or utilize the services of nationally recognized mutual fund managers. Without a menu of proprietary products, we can make sure that meeting your investment objectives remains our primary goal.
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A land trust is a vehicle used for placing a piece of property in trust. It is often used for a second home or a home shared by more than one family unit or friends. To be valid, a land trust must be drawn up by an attorney and the property needs to be deeded to the trust. LaPorte Savings Bank accepts only residential property into trust. |
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LaPorte Savings Bank also provides guardianship services for those who are legally deemed incapable of managing their assets and personal business. Be it a minor child, or an adult who is mentally or physically unable to manage their affairs, we can skillfully manage investments, collect income, pay bills, maintain records and determine appropriate and timely distributions.
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From IRA Rollover accounts to corporate plans such as
401(k) and Profit Sharing Plans, our years of administration expertise can keep you on your journey towards retirement. Strategic partnerships with industry leaders assures the greatest of care will be given to your retirement assets. From plan design and trustee service, to creating the appropriate investment mix, our administrative services can be tailored to meet your needs. |
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Retirement services include:
- IRA Rollovers
- 401(k) Plans
- Profit Sharing Plans
- Plan Document Review
- Calculation of 70-1/2 Distributions
- Personal Retirement Planning
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 Equal Housing Lender - Member FDIC
The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013.
On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.
LaPorte Savings Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
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