How Women Are Different from Men, Financially Speaking
Author: Mitzi Bjork, Financial Advisor

Don’t Get Caught in a Cyber P.L.O.T.
Author: Sherry Gibbon, Vice President, Community Relations and OMNI Manager

Experiencing the Unexpected
Author: Karen Partee

New Chip Technology Enhances Consumer Security
Author: Crystal Hardy, Vice President and Bank Card Change Coordinator

Retirement Plan is the Key to Confidence, Survey Finds
Author: Jerry Martin, Financial Advisor

My Marriage Misconception
Author: Tawny Browning

Journey from a Cool Kid to the Student Board
Author: Joycelynn Rusk

Social Security Claiming Strategies for Married Couples
Author: Curtis Hinshaw, Financial Advisor

EMV and Merchant Card Services
Author: Leslie Paull

Setting Up a Plan
Author: Bonni Kids

Financial Spring Cleaning with myOFM
Author: Jacob Pepper

Investment Themes for 2015
Author: Kimberly Spinks

Steps for First Time Homebuyers
Author: Lora Hollins

12 Financial Resolutions
Author: Amy Proctor

Making Managing Your Finances Fun!
Author: Chris Davis

Beware the '12 Online Scams of Christmas'
Author: Ken Hartley

Holiday Savings Tips
Author: Sherry Gibbon, Vice President, Community Relations and OMNI Manager

Establishing a Personalized Budget
Author: James Sheridan, Senior Vice President, Lending Officer

I'm a Victim of a Checkcard Breach. Now What?
Author: Sheri Parish

Back to School
Author: Karen Partee


How We See It

Craig Chaikin

Craig Chaikin

August 3, 2012

Do I Need a Trust Agent? What's the Benefit?
By: Craig Chaikin, Vice President & Trust Officer

A dilemma we see often in our business is whether or not an individual wants to or is able to take the responsibility to serve as executor or trustee. Many times individuals are named by a friend or loved one and may not know until after that person passes away. Alternatively, perhaps they do know, but their life circumstances have changed and serving is no longer an option. This is where a Trust Department can bridge the gap. However, if an individual wants to serve (either because they are willing or feel a duty to do so), a Trust Department can still serve as their agent. What this means is that the executor or trustee can hire the Trust Department to do the work (marshal the assets, manage them, handle all of the legal and accounting duties, etc.), but the individual executor or trustee still maintains the final say. It allows an individual to have access to the expertise and resources of a corporate trustee, but still affords them the control they may desire. A corporate executor/trustee like Texas Bank and Trust can also be named as a successor should an individual be unable or unwilling to serve.

There can be several options based on individual circumstances. If you are unsure which route to take, you can always interview a corporate trustee like Texas Bank and Trust to see exactly what they can do for you. Such initial consultations are most often free of charge.


Post a Comment

All comments are subject to approval. Read more.


About TBT

Who We Are Join Our Team People Who Make a Difference TBT Spirit of Giving Contact Us Site-Map

Helpful Links FDIC Consumer News FAQs

Consumer Protection

Fraud Protection Center FDIC Update Privacy / Security Disclosures
Member of FDICAn Equal Housing Lender
Powered by Encore Multimedia.