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Investments through the Trust and Investment Services Department are not FDIC insured - may lose value - Not guaranteed by First Bank Richmond, NA.
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ESTATE ADMINISTRATION |
Appointing First Bank as your executor or personal representative assures that your instructions will be carried out and that your beneficiaries will receive our expert personal attention throughout the administration of your estate. As executor or personal representative, we take on the responsibility of settling your estate, which includes:
- Arrange for probate of the will
- Collect and inventory the estate assets
- Provide for the immediate needs of the family during the estate administration
- Collect money owed to the estate
- Notify creditors and pay debts and claims
- Manage and invest the assets during the period of the estate administration
- Keep complete and accurate records of all estate transactions
- File all required tax returns
- Distribute the remaining estate assets according to the directions in the will
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