For over 60 years, our Trust & Wealth Management Group has been a trusted local provider of wealth management and fiduciary services for individuals, families and businesses throughout McHenry County and Northern Illinois. Building on the foundation of integrity and experience, Home State Bank Trust & Wealth Management offers a full range of administrative and fiduciary trust services. These services include corporate and personal trustee services as well as estate settlement and guardianship.
No matter what stage of life you are in, whether you are just starting up, well established, or somewhere in between, Home State Bank is committed to providing outstanding and quality services. We can meet your needs today and for generations to come.
Local Trust & Wealth Management Relationship – We are deeply rooted in the local community, ensuring you get personalized service and advice right here. You are our priority.
Expertise – Founded in 1915, we have been serving our customers’ financial needs for over a century. As corporate trustee, we leverage our experience, specialized expertise and knowledge to professionally administer your trust with impartiality and objectivity.
Integrated Plan – Whether you are building a portfolio or choosing a trustee, we will consider all areas of your wealth to ensure you are making the most effective financial decisions.
Objectivity – As Corporate Trustee, we are obligated to act with confidentiality, integrity, and good faith, prioritizing the best interest of all beneficiaries and adhering to the directives outlined in the legal documents. Most importantly, we follow the instructions outlined in your will.
Continuity – As Corporate Trustee, our team will ensure continuous, uninterrupted service throughout the term of the appointment, unaffected by relocation, incapacitation, retirement, or death of a sole trustee. You can be assured your plans are executed as directed for the duration of the trust.
Investments
Building Wealth & Building Relationships
Acquiring wealth is one thing, conserving and managing wealth wisely is another. Too often, individuals lose track of where they stand and where they are going. Opportunities remain unexplored and risks go unrecognized. Financial planning and wealth management assistance are an integral part of managing your wealth. Allow us to assist you in making the most of your investment opportunities. LEARN MORE
Estate Services
Why you need an estate plan
Estate planning involves more than just handling financial assets. Estate planning is about securing your legacy and providing for your loved ones with clarity and peace of mind. It is a vital step in managing your financial health and protecting the interests of those you care about most. We will work closely with you and your attorney to achieve your goals and secure your plan, giving you peace of mind. LEARN MORE
Guardianship/Special Needs Trusts
Protection for your minor or loved ones
Guardianships are a specific type of trust designed to protect and manage assets for the benefit of individuals (minors or adults), who are unable to manage their own affairs. LEARN MORE
Trusts
How can personal trust help you?
There are a wide range of trusts available offering a variety of options tailored to the different needs and goals of the grantor. Trusts often help in managing and protecting your assets, both during your lifetime and after, regardless of the size of your estate. Learn more on how a trust can help you. LEARN MORE
Land Trusts
Is a land trust right for you?
Land trusts offer several benefits, particularly in the realms of privacy and estate planning. Learn more about the advantages of a land trust and how it can help you. LEARN MORE
Business Clients
Grow and preserve your wealth
We offer a range of trust and financial management services to help your business or not-for-profit organization achieve their goals. As your community bank, we are deeply connected to our neighbors because we are a part of the same community. Home State has been a trusted partner in our community helping clients build and preserve wealth for generations. LEARN MORE
With an investment account, our relationship begins with the first meeting. After discussing your goals and examining your circumstances and preferences, we will develop an appropriate investment strategy. The investment decisions represent the best course of action for your portfolio, given your objectives, risk tolerance and market outlook designed to meet your financial goals. With your approval, we assume responsibility for managing your portfolio.
Custodial and Agency Accounts
Home State Bank offers a variety of custody and agency plans customized to your specific needs. We provide you with record-keeping and safekeeping services for all types of assets. We can collect, disburse, or reinvest income as you direct, while you retain complete management control of your portfolio. You will receive statements that track balances and activity for tax preparation purposes.
Escrow Services
Our team can act as an intermediary to escrow funds due to the sale or purchase of an asset, or to facilitate a 1031 exchange.
IRA and ROTH Management
Traditional IRAs and ROTH IRAs are available in either a self-directed or managed capacity. With a self-directed IRA, you retain the authority to direct your account’s investments toward permissible options. Conversely, a managed account entrusts our expert team with the task of managing investments aligned with your financial goals. Our services cater to those who wish to open a new IRA account, or to transition their existing tax-deferred retirement account into an IRA.
SEP Accounts
Designed for small to mid-sized companies, we offer a highly efficient solution to employee SEP accounts, which simplifies the exchange of all transactional data required for support of your plans.
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Estate Services
Who should settle your estate:
The privilege of choosing an executor is, in itself, one of the significant advantages of making your will. The executor, or your personal representative named in your will, settles your estate in your place. In a short timeframe, your executor must gather together all the property you own, find out what you owe, and pay all debts, including taxes and the expense of settling your estate. Thereafter, they distribute what remains, as directed in your will. Your executor should be held to the highest of standards, be consistently available, and be experienced in solving the various estate problems that could arise. With extensive experience settling estates, our team is qualified to meet your needs. We are objective and act in the best interest of all estate beneficiaries. Should any disagreements arise, we serve as a neutral intermediary, thus avoiding family conflict and disharmony.
