Estate Administration
You may feel that you would be honoring your spouse, other family member, or friend by asking them to be the personal representative or executor of your estate. In reality, settling an estate is frequently a long and difficult process that demands much time and attention to detail in order to meet all of the legal requirements and to carry out the terms of your will. By naming Caldwell Trust Company as your personal representative, you relieve loved ones of a burdensome duty and ensure that the settlement of your estate will be in experienced hands. We will:
- Meet and maintain communication with your beneficiaries and any others as required.
- Locate, value, and safekeep assets until distribution.
- Pay the outstanding debts of your estate.
- Manage any claims against your estate.
- Collect anything owed to your estate.
- Distribute your estate as directed in your will.
- Ensure that income tax and federal estate tax returns are prepared and filed.
- Ensure that a final accounting is made with the court.
To this task we bring experience in handling all kinds of assets, investment expertise, an honest and unbiased approach to our responsibiities, familiarity with legal and tax requirements, and sensitivity and understanding when dealing with your beneficiaries.
