New Trustee Process

Regardless of which phase we start our Personal Trust services, the Trust Department conducts a pre-acceptance process that includes, but is not limited to, the following activities:

• Gathering and summarizing information on the provisions of your trust.
• Reviewing the trust document to determine if changes may be appropriate.
• Working with you and your advisors to make agreed upon changes.
• Gathering the contact information for your trust attorney, accountant and beneficiaries.
• Preparing a comprehensive statement of the assets to be held by the trust, including all financial, real estate, insurance, notes payable and receivable and other tangible assets.
• Reviewing at least the last two years of the trust's tax returns.
• Reviewing past trust transactions to determine that the currently serving trustee has acted in accordance with the provisions of the trust.
• Performing a preliminary review of any real property for potential environmental contamination, if real estate is an asset of the trust.
• Identifying any ongoing or potential litigation risks.

Following the completion of the pre-acceptance phase, Trust Services reviews all of the documentation and, if it can properly serve you, a final fee quotation is developed. Assuming approval, the assets are transferred to our Trust Services where you work with a Private Banker-Trust who administers the trust and coordinates with the investment team in managing the assets.