Trusts & Estate Administration

Trusts

Trusts are powerful, versatile estate planning tools with the ability to accomplish a number of estate planning objectives. Trusts come in many types for many purposes: Testamentary Trusts, Living Trusts and Life Insurance Trusts to name a few. A trust has value in that it ensures your property will be managed and transferred to others exactly as you intended. A trust can eliminate the possibilities of your property passing on to people you never intended or being lost through the inexperience of those who received it. It also can reduce or eliminate the costs of death taxes and probate that could leave your surviving spouse or beneficiaries with far less than you had planned.

First Community Trust ensures your property will be managed and transferred to others exactly as you intended. We serve as trustee for the following types of trusts:

• Revocable Trusts
• Irrevocable Trusts
• Charitable Trusts
• Trusts where we are successor trustee and/or co-trustee

Estate Administration

Estate settlement is a complex process requiring tax, investment, real estate and estate planning experience. Having years of experience, First Community Trust settles estates in a professional and timely manner. We are impartial, not subject to family pressures, and as a business, there is no interruption in the settlement process due to illness, death, or life difficulties.

The executor named in your will is your successor who must take the helm to settle your estate. It is critical that you select an executor that is prepared to perform the duties and be responsible for the following:

• The Will
• Probate
• Safeguarding and Gathering assets
• Asset Appraisal
• Income Taxes
• Gift Taxes
• Distribution of Estate
• Reporting & Accounting

Now, consider the advantages of having a Corporate Trustee. Backed by years of expertise, FCT adeptly resolves estates with professionalism and efficiency, ensuring a timely and proficient settlement process. Our Executor services can help protect your estate and save your beneficiaries time and worry. We understand the Executor’s broad responsibilities and are well-qualified to carry them out. FCT is committed to providing the highest level of service through:

• Constant Availability
• Financial Responsibility
• Experience
• Group Judgment
• Impartiality
• Professionalism

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