Goal Setting: Achieving Your Financial Resolutions This Year
Author: Aaron May, Advertising Coordinator

2016 Year End Tax Planning
Author: Amelia N. Proctor, CPA, Senior Vice President, Trust Business Development Officer

All About IRAs
Author: Curtis Hinshaw, TBT Financial Services, Guest Blogger

And Now for Something Completely Different
Author: Kimberly Spinks

Thinking Forward: A New Way to Look at Personal Finance
Author: Aaron May, Advertising Coordinator

Women and Work: Why Salary, Benefits, and Work-Life Balance Count
Author: Amy Proctor

Women and Estate Planning Basics
Author: Mitzi Bjork, Financial Advisor

Elder Abuse & Senior Scams: What You Need to Know
Author: Kristen Ishihara

Determining the Need for Long-Term Care Insurance (LTCI): How Much Is Enough?
Author: Jerry Martin, Financial Advisor

Women: Planning for the Financial Impact of Children
Author: Amy Proctor

Converting Savings to Retirement Income
Author: Curtis Hinshaw, TBT Financial Services, Guest Blogger

Student Board of Directors Experience
Author: Bethany Simmons

Raising Money Smart Kids
Author: Tammy Gage, Community Relations Officer

Banking on the Future of Texas Communities
Author: Rogers Pope, Jr, Vice Chairman and Chief Executive Officer

Spring Cleaning for Your Personal Finances
Author: Aaron May, Advertising Coordinator

Women's History in Banking
Author: Tawny Browning

Staying Connected Through Social Media
Author: Sherry Gibbon, Vice President, Community Relations and OMNI Manager

Did you ever think that you would be able to ‘Pay’ with a watch?
Author: Sheri Parish

Wide Angle Lens
Author: Kimberly Spinks

12 Resolutions for 2016
Author: Amy Proctor


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.