Land Trust Services
A land trust from Midwest Bank is a simple, inexpensive estate-planning tool, ideal if:
- Your primary asset is your home
- You want to avoid the time and expense of probate
- You want privacy of ownership
- You want to pass real estate to heirs without a will
With a land trust, the property's recorded title is held by Midwest Bank as trustee, while you retain control and management of your property.
With a land trust, you'll enjoy:
- Privacy of ownership. Your identity is not disclosed to the public.
- Ease of conveyance. You are able to mortgage and sell your property conveniently, without having to obtain deeds from all beneficiaries and spouses.
- Succession of ownership. Your interest in the property automatically passes to your designated heirs upon your death, without a will and avoiding probate.
Your Wealth Management Advisor will work with you and your attorney to establish your land trust. To learn more, please call our Customer Care Center at 1‑877‑U‑Belong (823‑5664).
