Estate Services Group is a specialized division of Trustee Services Group. Enjoy peace of mind and preserve family harmony as a result of our efficient and cost-effective services upon one’s passing, and/or during times of incapacity.
Estate Services Group is a specialized division of Trustee Services Group, comprised of experienced professionals focused on the responsibilities associated with serving as:
Successor Trustee (Revocable Living Trust)
Agent for Financial Affairs (Financial Power of Attorney)
Estate settlement is a responsibility most have never previously undertaken. Needless to say, this can be an emotional and confusing process for many, especially for family members who are simultaneously presented with the reality of life without their loved one.
Grief will be experienced by all, but how that grief plays out in the context of the family wealth will often not be known or experienced until that time comes. Unfortunately, as has been experienced by far too many, placing a family member in the midst of the family wealth and tasking them with the responsibility of settling the estate can have disastrous and deep-rooted relational consequences amongst those who, prior to the passing of their relative, enjoyed each other as “family”.
Because of our focused attention to this diverse and specialized area, we can efficiently settle estates while delivering cost-effective professional services to avoid the headaches, hassle and family strife which an arise when a loved one has passed or becomes incapacitated.
As Financial Power of Attorney and/or Successor Trustee, Estate Services Group works closely with the client’s existing professional advisory team and Health Care Agent to ensure the financial resources are appropriately managed and used to provide the necessary care for the client.
Services Include:
As Executor/Personal Representative under the Will, and/or Successor Trustee under the Trust, Estate Services Group becomes responsible for settling the estate of the deceased client.
In settling the estate, responsibilities include:
When serving in these roles, Estate Services Group assumes a legal “fiduciary” responsibility to fulfill the intentions of the deceased, while also acting in the best interest of the estate beneficiaries. Although the original client has passed, the estate beneficiaries become our clients and hold Estate Services Group accountable for the important work we do.
As part of our services, the following reports are prepared:
Asset Inventory – Setting forth the assets which comprised the client’s estate
Estate Accounting – Itemizing all expenses and/or distributions which occur during the estate settlement process
Estate Settlement Calculation (if authorized under the estate documents and warranted under the circumstances) – Specifying the distribution amounts to those who are intended to receive a percentage share of the estate
Should a family desire an impartial third-party professional be appointed so as to avoid the potential relational consequences which can arise when tasking a family member or friend with the responsibility of estate settlement, Estate Services Group would be privileged to serve and help.
To appoint Estate Services Group to serve as the successor trustee (trust), personal representative / executor (will) and agent (power of attorney for financial affairs) for your estate, we simply ask two important things:
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