When an individual dies, their estate is distributed according to state law and provisions they made in advance. The estate is generally made up of all the property at the time of death. The settling of an estate is designed to accomplish three things. The first is to determine what assets are owned by the deceased and place a value on those assets. Next is to transfer the assets to the designated beneficiaries or institutions and third is to pay any taxes that may be due. The estate settlement process can be accomplished with either a will or a trust.

If you have been appointed as an executor and believe the responsibility will be too difficult or time consuming, First National Bank & Trust may be able to help. We may be able to act on your behalf to complete the estate settlement process and assume the responsibility of administering a trust that has been established.

First National Bank & Trust can help answer the questions you may have regarding estate settlement should you be named the executor of an individual’s estate. We can help you decide whether to obtain additional assistance from local professionals in legal and tax areas. We welcome the opportunity to sit down with you to show how our services can benefit you.

Schedule an appointment with one of our trust administrators in Iron Mountain, Marquette or Menominee.