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Horizon is a community bank serving Northern and Central Indiana and Central and Southwest Michigan. Our focus is to anticipate and fulfill customer needs with exceptional service and sensible advice. This philosophy is what has kept us operating under our original charter and growing stronger than ever since 1873.
The amount payable according to contract annually or at other regular intervals for either a certain or an indefinite period, as for a stated number of years or for life.
(1) The person for whose benefit a trust is created. (2) The person to whom the amount of an insurance policy or annuity is payable.
A person who transfers property by deed or who grants property rights by means of a trust instrument or some other document.
A trust which by its terms (1) cannot be revoked by the settlor or (2) can be terminated by him only with the consent of someone who has an adverse interest in the trust - that is, someone whose interest it would be for the trust to not be terminated, such as a beneficiary or a court of law acting on behalf of a beneficiary.
The speed and ease with which assets can be converted to cash at market value.
Objective investment selection using funds from a variety of top performing fund managers where no compensation conflict exists. Horizon has no proprietary funds.
To present a will to the court for appointment of the executor or administrator, which is the first step in the settlement of an estate. Probate filings are public information.
A person who creates a trust, such as a living trust, to become operative during his lifetime; also called a donor, grantor, or trustor.
One who spends money profusely; one who lavishes or wastes his estate.
A trust from which a fixed percentage of the net fair market value of the trust's assets, valued annually, is paid each year to the beneficiary.
Investment vehicles made available through Horizon Trust & Investment Management are: Not deposits or other obligations of, or guaranteed by Horizon Bank; Not insured by the FDIC; Subject to investment risks, including possible loss of principal.