Estate planning at Midland States

Yes. Midland Trust Company will serve as executor or personal representative of an estate, as trustee or co-trustee of a trust, and as guardian or conservator (including co-guardian) of an estate — the last of these matters where a minor inherits, or where an adult has been adjudicated unable to handle their financial affairs. It administers revocable living trusts, family and marital trusts, irrevocable trusts, charitable remainder trusts and foundations, and special needs trusts, and it says it is registered to provide fiduciary services in many states, with clients across the country and overseas, so an Illinois trust with an out-of-state family is not a problem. It applies no minimum account size, though minimum fees apply under published fee schedules available on request. Two things it publishes that are worth knowing: it describes its first move on being called to act as a "PPP" approach — determining whether there are people, property, or pets needing immediate care before anything else — and it states that a client will never have to call a 1-800 number, because each relationship carries a named Trust Officer and Trust Administrator. On a special needs trust, distributions run on a Distribution Request Form with supporting documentation and are paid directly to the provider of the goods or services rather than to the beneficiary, which is what protects the beneficiary's means-tested benefits.