Estate Administration

When a person dies, all of their possessions become part of their estate. This can include real estate, money, stocks, bank accounts, personal belongings, etc. Estate administration involves gathering the assets of the estate, paying the decedent's debts, filing tax returns, and distributing the remaining assets to the heirs or beneficiaries of the estate.

The estate administrator is an appointed legal representative of the deceased and may be a surviving spouse, other family member, or executor named in the will. When there are estate plan documents such as a will or a trust, the estate administrator works to closely follow the decedent’s wishes. The time it takes to administer an estate can vary based on the legal documents, the value and extent of the assets, and the number of heirs or beneficiaries involved.

Being named the Executor or Personal Representative of an Estate can be a very time consuming job, and one our Trust Services Department is uniquely qualified to perform so that your estate can be administered efficiently, promptly, economically and fairly.

*Products are not a deposit or other obligation of, or guaranteed by, the bank or any of its affiliates. They are not insured by the FDIC/NCUSIF or any other agency of the United States, the bank, or any of its affiliates. There is investment risk including the possible loss of value.