Trusts & Estates

Our Trust Services experts help you plan for the future financial needs of your family.

The professionals at Profinium have years of experience and can put that knowledge to work for you. After a plan is set, they'll review it with you periodically to see if your investment goals have changed. Profinium's Trust Services can provide stability and comfort to your family through impartial oversight of your finances. At Profinium, your privacy and the security of your investments are always our top priority.

Meet our Executive VP & Corporate Counsel, Wade H. Abed II, J.D.

Wade H. Abed II, is Profinium’s Executive Vice President & Corporate Counsel.  Wade earned his bachelor’s degree (B.S.) in Business Administration from the University of Wisconsin, Platteville, and his Juris Doctor (J.D.) degree from the Mitchell Hamline School of Law in Saint Paul, Minn. Wade is a founder and former shareholder of the Knutson, Casey, Koberoski + Abed law firm. Wade was previously an associate attorney at Farrish Johnson Law Office in Mankato, Minn. Prior to that, Wade worked in the Minneapolis area law firm Leonard, O'Brien, Spencer, Gale & Sayre. Before law school Wade worked for Northwest Mortgage Company as a loan officer and for CDW as a technology account executive. Wade’s in-house legal practice focuses on banking, trusts and estates, finance, technology, real estate, and lending and brokerage law.  Since 2015, Wade has taught at Minnesota State University, Mankato in the College of Business and the College of Science, Engineering, and Technology.
 
Wade and his wife, Kellie, were married in Nassau, Bahamas in December of 2005. Kellie is a nurse at Mayo Clinic Health Systems, Mankato. Wade and Kellie have two sons.  Miles is nearly twelve years old and loves nature, art, and music. Lincoln is ten and loves the outdoors and working with tools. The Abed’s have a rambunctious miniature schnauzer named Piper. Every year, Wade battles his lifelong commitment to the Chicago Bears, Bulls, Blackhawks, and Cubs (Wade grew up in Waukegan, IL). Wade’s remains thankful for the Chicago Cubs 2016 World Series Championship. For fun, Wade and Kellie, take the kids outdoor adventuring. They also frequently visit the Badger State for Wisconsin’s unique brand of fun.
 

Wade Abed     

 

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Farm Management 

Outsource your farm management to subject matter experts at Profinium. All of our work is based on your goals, whether you are looking for an increased income, controlling costs or conservation of your farm assets.

Have a trusted partner in your corner to help you oversee the many things involved in agribusiness. We work very closely with local farmers to assist with a wide range of needs, including acreage rental management, resource evaluation, farm inspections and reporting, financial reports, and more. Make more time in your day-to-day without your agribusiness suffering — Profinium Farm Management services can help.

GREATER PROFITABILITY
We will apply the latest practices to enhance your bottom line and improve the value and productivity of your farm.
 
ACREAGE RENTAL
We will work with you to determine what type of rent is the most appropriate for your financial needs (cash, custom, share crop).
 
RESOURCE EVALUATION
As part of the service, we will monitor soil fertility and weed control and recommend fertilizer application rates.
 
FINANCIAL REPORTING
One of the most valuable segments of the service is the financial component. We will receive and distribute farm income, review lease agreements, and handle payment of real estate taxes, liability insurance and other expenses.

Executor (Personal Representative)

The person you designate to administer your estate is called an Executor or Personal Representative. If that person is a family member, it may cause stress and confusion. Designating Profinium as a Personal Representative or Executor can save time, stress and money while ensuring that your wishes are carried out with the utmost attention to detail and prudent management. Talk to your Profinium representative today about this service.

Trusts

Trusts come in all shapes and sizes, but all have one thing in common: the assurance that your assets go where you want them. Profinium can help you with a wide variety of Trusts for your convenience.

Living Trusts

A living trust is set up and operates during your lifetime. You can watch your plan change and allocate assets directly, if needed. Additionally, a living trust offers greater flexibility to change allocations and beneficiaries. Profinium can assist with both irrevocable and revocable living trusts. The revocable trust allows you complete control and flexibility. 

Retirement Planning 

Ready to retire? Profinium's Trust Services can help you achieve your goals. We are experienced with 401(k)s, various types of IRAs, profit sharing, and other qualified plans. If you're not close to retiring yet, we can help you, too. Profinium helps you plan for the future and offers investment flexibility and tax-deferred growth. Let the professionals at Profinium get you on the road to a secure and happy retirement, today! 

Agency Accounts 

Our Trust Services can take the stress out of investing with an agency account. We will work with you to establish your investment guidelines, and then we'll take care of the rest. Whether you're looking for investment advice or just someone to take care of managing the plan, we have an agency account that's right for you. Call today to see how we can tailor a plan for your specific investing needs. 

 

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