Principal and income accounting
We track principal and income (P&I) accounting to make sure that distributions are correctly made and tax obligations are properly met.
We can pay one-time and recurring bills from your trust assets.
Income tax services
Trusts are people, too—at least they can be considered as such for federal and state income tax purposes. We can provide account statements for your CPA—or help you prepare and file your trust’s federal and state income taxes.
We can provide investment management for your trust through our partner FCI Financial Counselors–or we can work with or help you find an external team of trusted financial advisors to help you develop a personalized investment strategy.
Midwest Trust will make one-time or discretionary distributions to beneficiaries at your direction.
Charitable trust administration
We help you determine the annual value of your charitable trust and make distributions as requested.