ESTATE SETTLEMENT SERVICES DESIGNED FOR YOUR FAMILY
Bereavement is one of the most challenging times for a family. At moments like these, you want to know you have a provider of estate settlement services that understands your family’s concerns. With many years of experience as a corporate trustee and personal representative or executor for estates, Independent Trust Company has the expertise you can rely on for estate administration services.
ESTATE SETTLEMENT YOU CAN TRUST
Your estate is the sum of your life’s work – it is all your chips on the table. It directly affects your final days and in many ways the interactions of those you love most when you die. For friends or family members who attempt to take on the task, estate settlements can be confusing, exhausting and, worse, ignite conflicts that can last decades. Even the closest, most professional friends and family members seldom grasp the depth and seriousness of the job you are asking them to do.
While it’s easy to presume that your children want to do this work, contemplate if their spouses would feel the same. Family relationships are challenging enough without the additional stresses of years of work and responsibility to siblings, charities and even the tax collector.
While your attorneys, CPAs and financial advisors are instrumental in building an estate plan, they can be conflicted when serving as your executor or trustee. Not only is it hard to be objective when you’ve worked for the family, but very, very few carry the appropriate insurance or have established processes in place.
If the objective is to be remembered fondly, it is worth considering how your final actions – the way you dealt with your assets and those you love most – may very well be the most lasting interaction you leave behind. ITC is a professional fiduciary that is licensed, trained, bonded and insured to do the specific work of estate settlements.
We are more than a long-time corporate trustee, providing fiduciary trust services. We are estate settlement professionals – passionate about what we do. Engaging ITC to administer your estate is a way to give peace and family unity the best chance after the estate settlement is final.
Because most estate plans include trusts, we believe it’s a natural extension for ITC to manage all types of revocable and irrevocable family trusts, including:
- Charitable remainder trusts
- Spousal support trusts
- Dynasty trusts
THE ESTATE SETTLEMENT PROCESS
Not all estates are equal. The estate settlement process varies with the complexity of each estate. A suitable trust can keep much of the estate out of probate court. But it can still be time-consuming to locate, identify and inventory all estate assets, manage the necessary taxes and other details and the arrange for appropriate disbursement.
Depending on the circumstances, the estate settlement timeline can extend from months to years. A reliable estate and trust management partner can shepherd you through the estate settlement process.
ESTATE SETTLEMENT SERVICES YOU CAN TRUST
At Independent Trust Company, we understand the intricacies of estate settlement and its effect on families. We provide skillful guidance and expert solutions to ensure that the trust grantor’s wishes are achieved.
Diligence and sensitivity are the watchwords for our estate management services. While most professional or corporate trustees service other business lines, our only line of business is estate and trust settlement and management. We believe that this disciplined approach is the best way for our business to be truly aligned with the goals of the families we serve. We offer a wide range of services for settling an estate, including:
SECURING ESTATE PROPERTY
We secure, inventory, value and accurately administer investable assets and other property for disbursement or liquidation.
ADDRESSING ESTATE LEGAL AND TAX REQUIRMENTS
Thanks to our years of estate administration, our proven process simplifies understanding the unique scenario around your estate’s tax and legal requirements.
HANDLING ESTATE TAXES
We coordinate all aspects related to preparation of estate tax returns, such as final income, gift and generation-skipping tax returns, and ensure the payment of necessary taxes.
MANAGING ESTATE OBLIGATIONS
ITC reviews, authenticates and pays the estate’s final obligations.
DISBURSING TRUST ASSETS
Our estate services include the disbursement of all trust assets according to applicable statute and per the unique and specific instructions in your documents.
ESTATE ADMINISTRATION SERVICES THAT STAND THE TEST OF TIME
At ITC, we’re in it for the long haul. We take estate administration services seriously and give each trust the care and concern it deserves. Families and trust advisors have come to appreciate the level of expertise we bring to estate settlement. Independent Trust Company offers compassion, objectivity and professionalism as we ensure the trust grantor’s intentions are met.
We’re able to collaborate with your legal, accounting, financial and other professional advisors throughout the estate settlement process. There are many other benefits to working with a corporate trustee like ITC, including:
Estate and trust administration is our sole business. We serve our clients with the intentionality that comes from years of trust management.
Our guiding principle at ITC is to assure that the intent of the grantor of each of our trusts is carried out in an efficient manner.
Each account at Independent Trust Company is assigned a dedicated services team. Our clients always receive service they can count on.
Our trust management and estate settlement services are objective, neutral, reliable and focused on caring for our clients’ families.
CONTACT ITC FOR THE ESTATE SETTLEMENT SERVICES YOUR FAMILY DESERVES
Being asked to be named in a will as the executor or personal representative for a friend’s or family member’s estate is a daunting proposition. It is also an expression of trust by those asking.
The authorities, responsibilities and liabilities associated with managing creditors’ claims, valuing, protecting and selling unique assets and filing estate income tax returns, all while keeping all interested parties properly informed, are more than many individuals can manage.
That’s why it makes sense to use the estate settlement services of a proven corporate trustee like ITC. Contact us today to learn how independent Trust Company can provide the peace of mind your family needs when it’s time to settle your estate. Visit Our Services page to discover other ways we can help!