Estate Settlement Services
Naming your friend or relative to act as your executor or successor trustee after your death is no longer a simple, honorary designation; it is a serious and burdensome responsibility.
Examples of what an executor must do during a very difficult period, are: locate, safeguard, and manage all of your assets, keep complete and accurate records, pay your last bills, including handling heath insurance claims, negotiate complex income and estate tax rules, provide accountings to all legatees, and act as advisor to your family or legatees.
When serving as your executor or successor trustee, we can offer unbiased, professional guidance to your family while easing the administrative burden of settling your final affairs. We can help ensure that your wishes are carried out as quickly and efficiently as possible.
- Unbiased, professional advice
- Relieve the administrative burden on your family
- Collect, safeguard and manage assets
- Pay all bills and claims
- Minimize income and estate taxes
Please feel free to contact us to discuss how your family might benefit from the use of our Estate Settlement Services.
LEGAL, INVESTMENT AND TAX NOTICE: This information is not intended to be and should not be treated as legal advice, investment advice or tax advice. You should under no circumstances rely upon this information as a substitute for obtaining specific legal or tax advice from your own legal or tax advisers.
NOT FDIC INSURED
MAY GO DOWN IN VALUE
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
NOT GUARANTEED BY THE STATE NOR THE BANK
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When FNBLG is named in a will as executor, the trust officer assumes responsibility for the estate. This officer is a vital link to the decedent's family to administer the financial affairs of the estate. He or she is always available to the estate beneficiaries to answer questions or discuss the progress of settling the estate.
As executor of an estate, FNBLG provides the following services:
- Locate, inventory and safeguard all estate assets, and establish asset values for tax and accounting purposes;
- Provide continuing management for income-producing real estate and business interests;
- Pay funeral expenses, legitimate claims of creditors, and expenses of administering the estate;
- Collect all debts owed to the decedent and defend the estate against invalid or improper claims;
- Assume responsibility for all estate, inheritance, income or gift tax returns required by state and federal authorities;
- Keep detailed records of all income, expenses and estate transactions and account for them to the court or to the beneficiaries; and
- Distribute the estate in accordance with the provisions of the decedent's will.
The complexity of settling an estate is a real burden for a surviving spouse, relative, business associate or anyone who may not have the experience with such matters. Our trust officers can assist you throughout the entire process of planning and settling an estate. We'll make sure the finances of the estate are managed according to the directions of the estate and in consideration of the beneficiaries.