Wealth Management

Wealth Management Client Access

Charity & Foundation Consulting

Nonprofits, foundations and endowments face unique financial management and administrative challenges. We can offer support through expert counsel and exceptional service that allows your leadership to focus on the organization’s mission. ChoiceOne Wealth Management serves the comprehensive needs of mission-driven institutions with extensive investment management and advice, trustee and administrative services, and banking services. Organizations rely on our investment expertise, independent perspective and portfolio management to help grow, manage and protect the assets that allow them to carry out their missions.

Corporate Trustee

The duties and responsibilities of a trustee are to carry out your directions and intentions, to remain impartial treating all beneficiaries fairly, and to provide professional management of the trust assets. With ChoiceOne Wealth Management as your trustee you will have the benefit of years of experience and expertise in trust, tax, and investment management from a reliable and regulated community bank. Our services can relieve your family member or friend of the burden and provide you with the assurance that your estate will be distributed properly.

Estate Planning

The Benefits of a Trust

Trusts can provide protection and management of assets now and after your death, which is important for you in the event you become incapacitated or if your beneficiaries are inexperienced or unable to handle an inheritance.

Testamentary Trust

Set up under your will and would be funded at death for your beneficiaries. This trust is often used to protect minors or those beneficiaries who cannot manage an inheritance. You will specify how the trust funds will be used and name a Trustee to manage the trust after your death.

Revocable Living Trust

Created during your lifetime and assets are re-titled in the trust name. As “trustee” you retain control over the assets and upon death they pass to the trust beneficiaries without probate. Your living trust can be designed to continue after your death for beneficiaries who may require asset protection but need a stream of income. You will name a successor trustee to step in at your death. Another benefit of the living trust is that you can include a standby provision that allows your successor trustee to step in at incapacity to manage your assets, eliminating the need for a court appointed guardian.

Naming a Qualified Trustee

The duties and responsibilities of a trustee are to carry out your directions and intentions, to remain impartial treating all beneficiaries fairly, and to provide professional management of the trust assets. With ChoiceOne Wealth Management as your trustee you will have the benefit of years of experience and expertise in trust, tax, and investment management from a reliable and regulated community bank. Our services can relieve your family member or friend of the burden and provide you with the assurance that your estate will be distributed properly.

Estate Settlement

If you own assets in your name only, at your death those assets must first go through probate before they can be distributed to your heirs or beneficiaries. Rather than burdening a family member with this responsibility, you can appoint ChoiceOne Wealth Management as the executor or personal representative to provide the following services:

  • Petitioning the court to recognize the validity of the will
  • Gathering and safeguarding assets
  • Paying outstanding obligations
  • Filing appropriate documents with the court
  • Distributing assets to the beneficiaries of the will

 

Investment Management

Investment Management is designed to deliver a financial portfolio that will carry you through various stages of your life. We will work with you to assess your personal goals, income needs and existing holdings and craft a comprehensive investment strategy founded on your desired returns, liquidity requirements, risk tolerance, time horizon, tax status, and any unique circumstances. We offer asset allocation models with diversification within various investment classes to reduce risk and increase your chances of optimum investment performance.

 

Steven DeVolder Headshot Gray Background

Steven DeVolder                                                                                                                                                       

Senior Vice President, Senior Trust Officer             

810.245.2933 | [email protected]

 

Rob Jamula professional picture

Rob Jamula                                                                                                                                                       

Senior Vice President, Wealth Management                                                                                                                                 

616.678.5914 | [email protected]

 

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