The advisors at Washington Savings Bank can help you build a comprehensive action plan for your financial future – one that leverages the potential of today’s markets to help with:
Safekeeping, Escrow, Investment Management
Escrow/Contract for Deed – Washington Savings Bank, Trust Department serves as a third party Agent for individuals entering into a real estate contract with another party.
Directed Agency – This type of account allows us to assist you with paying bills, such as utilities, insurance and taxes, etc. You can also add investments such as stocks, bonds, CDs & mutual funds, which we buy and sell at your direction. We provide you with a detailed account statement at the frequency you desire.
Personal Investment Custody – Are you confused about what type of investor you are? Allow us to help you determine that. We can provide an investment proposal for you to review. All buys and sells of investments are done at your direction only. We provide you with a detailed account statement at the frequency you desire.
1031 Exchange – The exchange of certain types of property may defer the recognition of capital gains or losses due upon sale, and hence defer any capital gains taxes otherwise due. The properties exchanged must be of “like kind”. Contact us for more information.
Trusts are designed to fit your family's needs.
Special Needs Trust – Individuals with children or loved ones who have disabilities are able to create a Special Needs Trust that leaves money for care while still allowing the person to receive governmental aid. A great Estate planning tool.
Land Trusts – An Illinois Land Trust is a mechanism used to handle ownership in real estate.
Revocable Living Trust – Transfers property from a living grantor, or creator, to a trustee through a written agreement. A Revocable Living Trust allows the grantor(s) to change the terms whenever he/she wants. You can be your own Trustee while living then appoint a Successor Trustee to serve after your death.
Irrevocable Trust – Often used for asset-protection purposes and qualification for VA and Medicaid-paid, long-term care benefits. A properly drafted trust will ensure you do not have to surrender all control.
Testamentary Trust – Established from the last will and testament that provides for the distribution of all or part of an estate and often proceeds from a life insurance policy held on the person establishing the trust. There may be more than one testamentary trust per will. A trustee to administer the trust would be named in the will.
Charitable Trust – An irrevocable trust, established for charitable purposes. A charitable trust allows for tax benefits. An example of a charitable trust would be a trust which provides scholarships to college students.
Self-directed IRAs, ROTH IRAs, SIMPLE IRAs
Self-Directed IRA – Contribute to an IRA, or transfer an existing IRA, to keep your retirement assets deferred from income taxes. Do you have retirement funds in a prior employer plan? A direct rollover will allow you to keep those funds tax deferred. You are able to invest in stocks, bonds, mutual funds & CDs, all at your direction.
SIMPLE IRA – Are you an employer who would like a simplified way to contribute toward your employees’ and your own retirement savings? Contact our trust department for information.
Roth IRA – A great tax-efficient way to save for your retirement. You pay taxes on money going into your account and then all future withdrawals are tax free once qualifications are met. We’d be happy to help you determine if a ROTH IRA is right for you.
Being an Executor of someone's estate is a huge and timely task.
It’s a huge and timely task, especially for your loved one(s). Our Trust Officers at Washington Savings Bank have many years of experience settling estates.
We serve as Guardian of an individual's estate.
We can basically do anything for an individual that they could do for themselves from a financial standpoint.
To get the most out of your farmland you need to fully understand your investment. We can help find out your wants, needs, and objectives as a farmland owner.
Contact us today for more information.
Lester Financial Group
Financial Advisor, Wealth Management
Todd Lester has been a financial advisor in Champaign, IL and surrounding areas for over 24 years. He started Lester Financial Group on 1995 with the goal to give clients financial advice based on values, ethics and solid independent financial reasearch.
Lester Financial Group offers services in:
WEALTH MANAGEMENT – Individualized plans for your personal goals.
INVESTMENT MANAGEMENT – Simplified strategies for your investment.
MANAGED ASSET PROGRAM – Well-balanced portfolios.
RETIREMENT PORTFOLIO REVIEW – Regular reviews and evaluations.
INCOME PLANNING – Realistic views of future income.
RETIREMENT PLANNING – Personal approaches to help you prepare for retirement.
RETIREMENT PROCESS – Assisted transition into retirement.
To set up an appointment with Todd, please contact Washington Savings Bank’s Wealth Management at:
1117 Broadway Ave. East
Mattoon, IL 61938
Phone: (217) 234-6430
Fax: (217) 258-4200
Securities offered through Securities America, Inc. an independent registered broker/dealer, member FINRA/SIPC. Investment Advisory Services offered through Arbor Point Advisors, Inc. Washington Savings Bank, Lester Financial Group, and Securities America are separate entities. Investments, Insurance Products and Investment Advisory Services are NOT FDIC Insured, NO Bank Guaranteed, May Lose Value, Not a Deposit Product, and Not Insured by any Government Agency.
Investment and Insurance Products are: NOT FDIC Insured, NO Bank Guarantee, May Lose Value, Not a Deposit, and Not Insured by any Federal Government Agency.