FAQs

Trust & Investment Services

Q: Can Thrivent Financial Bank serve as the executor of my estate?

A: We can provide this service in all 50 states. By naming Thrivent Financial Bank in your estate planning documents, you place the responsibility of managing your estate with professionals who are experienced in these important duties. When you die, your family, local Thrivent representative or attorney will notify us of your death. We work with your attorney and your family to ensure the smooth and accurate disposition of your property and the execution of your final wishes, according to the terms of your will.

To name Thrivent Financial Bank as executor of your estate, simply have your attorney name Thrivent Financial Bank as executor or personal representative in your will. We ask that you forward a copy of the document to us. Fees will only be incurred if we do serve as your executor.

Q: Why should I appoint a corporate trustee?

A: Thrivent Financial Bank has significant experience in the investment, tax, legal and administrative duties of a trustee or executor. Our professionals are impartial concerning conflicting or competing family desires, which may help preserve family harmony. In addition, we work under stringent government regulations designed to protect your interests.

Q: How do I name Thrivent Financial Bank as a successor trustee of my trust or executor of my estate?

A:Contact us for a copy of our preferred trust and will language memorandum. We are willing to review your estate plan relative to that memorandum at no charge.

We ask that you forward copies of any documents that name Thrivent Financial Bank in a fiduciary capacity (e.g. trustee or executor) to us. There is no charge or service fee for safe keeping of an estate planning document in which we are nominated to serve. Fees will only be incurred if we do serve in a fiduciary capacity.

Q: Can Thrivent Financial Bank draft a trust document for me?

A: No. We are not authorized to draft estate planning documents

Q: Is Thrivent Financial Bank limited in whom it may serve?

A: Thrivent Financial Bank is federally chartered and serves the needs of the general public. This means we can help you, regardless of where you live and whether or not you are a member of Thrivent Financial for Lutherans.

Q: Do you require a minimum investment amount to open an account?

A: Although each investor is unique, generally we've found that accounts valued at $300,000 or more receive the most benefit from our services.

If you have any other questions, please contact a Thrivent Financial Bank representative.