Legacy Private Trust Can be Appointed as:

• Sole executor
• Co-executor with a family member or trusted friend
• Alternate executor for both spouses if the primary executor is unable or unwilling to act when the time comes
• Agent to an individual who is acting as Executor, to help them with some or all of the tasks involved

Duties and Responsibilities Include:

• Coordinating any funeral arrangements
• Meeting any of the beneficiaries’ immediate financial needs
• Meeting with family and beneficiaries
• Making a careful inventory of the estate’s assets
• Valuing the estate as of the date of death
• Applying to the court for probate and paying probate taxes
• Communicating with any beneficiaries and providing regular updates
• Insuring estate assets
• Oversight of estate investments and investment manager
• Preparing, filing and paying final taxes
• Cleaning out the deceased’s homes
• Applying for a final tax clearance certificate
• Setting up any ongoing trusts or charitable foundations
• Distributing specific personal estate effects according to the Will
• Preparing an accounting of receipts, disbursements, investments, liabilities and compensation
• Returning all government-issued identification
• Selling the deceased’s home and other real property
• Ultimately, distributing the assets to the beneficiaries