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Estate Administration
The Personal Representative (P.R.) plays a very important part in
the settlement of your estate and distribution of your assets. Some
of the duties performed by the P.R. include:
- Identifying and taking legal title to assets
- Establishing values for tax purposes
- Managing and selling property as needed or required
- Assuring that federal and state income tax and estate
tax obligations are met and the respective returns are filed
- Providing detailed accountings to the courts
- Making the final distributions to beneficiaries and
heirs
Union Bank & Trust Company is uniquely
suited to this task. Their continuous corporate existence and financial
strength assures continuity during the settlement of your estate.
A staff of professionally-trained attorneys, accountants and seasoned
administrators contribute many years of problem-solving experience,
specialized knowledge and collective wisdom at the least possible
cost to your estate. As an impartial P.R., Union Bank & Trust
Company will treat all of your heirs with equal courtesy in carrying
out the terms of your estate plan. Most importantly, by using an outside,
impartial administrator, you will protect those family relationships
which can be severely strained and even broken by the friction created
when a family member, who serves as P.R., is in the position of making
financial decisions affecting other members of the family.
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