Estate settlement
Estate settlement is a complex and time-consuming job. As a corporate fiduciary, Truist can make things easier for you and your heirs by fairly and objectively executing the details of your estate plan
You can choose almost anyone who is an adult and legally competent to serve—a spouse or partner, sibling, friend, business associate, or financial or legal advisor.
- An agent for executor is a professional agent, such as Truist, hired by an individual executor. The agent advises the executor and handles administrative duties, but the executor retains decision-making and ultimate responsibility for the estate.
You can choose to name a corporate executor, such as Truist, to fairly and objectively execute the details of your estate plan—and opt to appoint a family member or friend as co-executor to provide oversight.
- A sole executor takes complete responsibility for settlement, administration, and estate disposition.
- A co-executor shares responsibility for oversight and administration with other individuals.
- Collects and provides safekeeping for the estate’s assets
- Collects any sums owed to the estate
- Distributes assets to beneficiaries
- Files the decedent’s final federal income tax return
- Files the estate’s income tax returns and the federal estate-tax return
- Files state death-tax returns
- Notifies creditors and pays all valid debts
- Files claims for retirement plan, Social Security, and veterans benefits
- Sells assets to pay estate expenses or legacies
Ready to get started?
Let’s locate a Truist professional who can support your financial needs.
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