Trust and Estate Services
Since 1975, Baletrust Online has been proud to offer Trust and Estate Services. We work on an individual basis with our clients and tailor our service to our clients' unique needs and our fiduciary requirements.
Our trust officers utilize a team approach so that no matter who you speak with, you get the answers you need right away. Our mission is to establish a lasting and trusted relationship with our clients. After all, we are your community bank and that mission carries through to everything we do.
If you are an existing trust client and wish to in online access, please contact Jessica Nicholas.
Our Services
| TRUSTEE / SUCCESSOR TRUSTEE | Baletrust Online serves as trustee to manage your assets and administer the affairs of your trust if you are no longer able or willing to do so. As trustee, our services include trust accounting, investment management, bill-paying services, oil and gas management, property and business management, agriculture management, tax administration and more. |
| BILL-PAYING AGENCY | We provide bill paying services for a fixed fee. Based upon your instruction, we pay periodic bills and invoices on your behalf and provide you with clear records of all activity. |
| MINERAL AGENCY | We provide varying levels of service regarding the management of oil and gas or other mineral activities. Our services can be as simple as collecting and disbursing royalty payments, or we can provide more robust mineral management services including mapping, tracking of production, lease negotiations, and more. Contact Jason Keller to discuss these services. |
| EXECUTOR | We provide executor / estate settlement services in which we perform all required duties to settle your estate in accordance with your wishes. |
Reasons for Appointing Baletrust Online as Trustee / Executor
| WYOMING | Wyoming has long been at the forefront of asset protection (Wyoming invented the LLC). LLCs in Wyoming enjoy anonymity as managers and owners are not public. Wyoming has also been a leader in the adoption of Dynasty Trusts up to 1,000 years and Asset Protection Trusts also known as Qualified Spendthrift Trusts. Lastly, Wyoming is the state of “no”: no income tax, no estate tax, no gift tax, and no excise tax on top of very low real estate tax. |
| EXPERIENCE | The fiduciary landscape can be complex and challenging to navigate. With Baletrust Online Trust, you'll find the level of expertise and service you need to help guide you through the process. All trust personnel complete extensive and ongoing training with Certified Trust and Financial Advisors (CTFA) on staff. |
| REGULATION / OVERSIGHT | As a bank, we are under strict regulation from both state and federal agencies that ensure your trust is being administered in accordance with regulations, laws, and best practices. Additionally, we engage independent audits on an annual basis by a specialized fiduciary auditing firm. Most non-bank and family trustees are not subject to regulation and oversight. |
| MAINTAIN YOUR PROFESSIONAL ADVISORS | We maintain relationships with your existing tax, legal and financial advisors who you trust and who know you best. For those without an existing financial advisor relationship, we provide those services to you. We act as an intermediary that brings all aspects of your estate and financial plan together. We realize that we cannot be all things to all people, which is why we become part of your trusted financial team to accomplish your goals. |
| STABILITY | Baletrust Online was founded in 1885 and remains a strong and growing independent community bank. You can rest assured that our team-approach services will be there through generations to come; serving your children, grandchildren, and beyond. |
| INDEPENDENCE | Even in the best situations, it can be difficult for a family member to act as trustee. When decisions need to be made, there is generally a high level of emotional stress, pressure from family to make certain decisions, or other problems that individual trustees encounter. We act as an independent, objective trustee that takes the stress off family members and allows impartial decisions to be made that are truly in the best interest of everyone. |
Non deposit investments available through Baletrust Online are not FDIC insured, are not guaranteed by Baletrust Online or any other institution and are subject to investment risk, including market risk, and may result in the loss of principal. Baletrust Online and its affiliates do not provide tax or legal advice. Please consult your tax or legal advisor to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your situation.