Life Insurance Trust Company (LITCO) is proud to announce the appointment of Jon Olson as its new President. With more than two decades of experience across trust administration, fiduciary compliance, and legal practice, Jon brings a unique and powerful leadership profile to LITCO’s executive team. Most recently, Jon served as President and Managing Director of Zedra Trust Company (SD), where he successfully launched the South Dakota-based trust charter, established the local office, and led all aspects of governance, financial performance, and compliance.
Jon also brings a distinguished military background, currently serving as a Lieutenant Colonel in the North Dakota Air National Guard. As Commander of the 119th Intelligence Support Squadron, he leads more than 50 intelligence and support personnel in high-stakes, mission-critical operations. His leadership in both the public and private sectors reflects a commitment to integrity, operational excellence, and disciplined oversight — qualities that align perfectly with LITCO’s mission to serve as a trusted fiduciary partner.
Also promoted as part of the company’s strategic growth is Rita Buchholz, who has been elevated to the role of Vice President of Trust Administration. With more than 25 years of experience in trust and estate administration, Rita brings exceptional expertise in ILITs, charitable and annuity trusts, executive compensation plans, and high-net-worth estate planning. She holds the Certified Trust and Fiduciary Advisor (CTFA) designation and has been a long-standing contributor to the American Bankers Association’s educational publications.
Together, Jon and Rita represent the next generation of leadership at Life Insurance Trust Company. Their combined expertise and vision will ensure that LITCO continues to meet the highest standards of fiduciary service, innovation, and client trust. As the company expands its capabilities, LITCO remains committed to empowering advisors, protecting client legacies, and delivering tailored trust solutions with precision and care.
