Legacy Fiduciary Services, PLC
Legacy Fiduciary Services, PLC offers professional estate administration and trust fiduciary services to its clients. Many clients avoid placing the burden of estate administration on a family member or friend by appointing a professional administrator. Selection of an independent third party may avoid difficult family politics, provide objectivity, or provide the expertise necessary to manage a particularly complex estate.
Estate Administration Services
Estate administration is the process of settling a decedent’s estate and transferring property to his or her heirs and beneficiaries. The executor – also called the administrator – is responsible for overseeing the settlement and transfer of this estate. Estate administration can be complex and time consuming. We encourage our clients to select an executor who is honest, diplomatic, and diligent, and who has integrity, strong organizational skills, common sense, and, most importantly, the time necessary to dedicate to the process.
Trust Fiduciary Services
Our firm can be named by the maker of the trust to act as trust fiduciary in the future, either as the initial trustee or a successor trustee. When another trustee has already been named, the beneficiaries of a trust may remove the current trustee and appoint Legacy Fiduciary Services as the successor, where a court finds that removal would be in their best interest and not inconsistent with the purpose of the trust.
When serving as the trust fiduciary, Legacy Fiduciary Services provides the following services:
- Management of the trust assets in accordance with the trust document
- Collection and distribution of income
- Engagement of a Registered Investment Adviser for investment advisory and management services
- Annual review of investment adviser performance and safekeeping of assets
- Distribution of periodic statements and an annual report
For more information, please call Legacy Fiduciary Services, PLC at 804.285.7900 or contact us online.