Estate Administration & Guardianships
A personal representative/executor is named as specified in an individual’s Last Will and Testament. The personal representative/executor, under the supervision of the court, has the responsibility to settle the estate of the deceased individual. With the challenges that most often arise by naming a family member as your executor and the complexity of all the responsibilities, State Bank of Graymont extends this service to you. You can put faith in the Trust Officers at State Bank of Graymont knowing that they have professional experience serving as Executor and Administrator of Estates.
A Guardianship, also known as a conservatorship, is utilized when a person can no longer make or communicate sound decisions about his/her property or his/her person. State Bank of Graymont can act on your or a family members behalf, if at any point in time you or they are no longer able to make competent decisions. As Guardian of the Estate, the Trust department will be required to take on certain responsibilities, which are listed below. Typically a guardianship, from the perspective of the Trust Department, involves any part of that person’s life where money is a factor.
Common responsibilities assigned to Guardian of the Estate:
- Marshall and protect assets
- Obtain appraisals of property
- Protect property and assets from loss
- Receive income for the estate
- Make appropriate disbursements
- Report to the court of estate status
State Bank of Graymont has full Trust powers. For more information, please contact our Trust Officers, Matt Hunter in Pontiac and Ron Minnaert in Graymont, or our Assistant Trust Officers, Gary Bressner in Pontiac and Paul Russow in Graymont.
NO BANK GUARANTEE
MAY GO DOWN IN VALUE
NOT A DEPOSIT
NOT INSURED BY ANY GOVERNMENT AGENCY