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Estate & Guardian Services

Estate Services:

Probate is the process that concludes all of the legal and financial matters of the deceased. The executor of the estate is responsible for the following:

  • Collect, inventory and provide safekeeping for the estate’s assets.
  • Notify creditors and pay all valid debts.
  • Collect any sums owed the estate.
  • File claims for pension and profit-sharing plan benefits, Social Security benefits, and veterans’ benefits.
  • Manage the estate’s assets.
  • Sell assets, as directed by Will or required by state law, to pay estate expenses or legacies.
  • Keep detailed records of all estate transactions and submit records to beneficiaries and/or the probate court.
  • Distribute assets to beneficiaries.
  • File the decedent’s final federal income-tax return.
  • Choose a tax year for the estate.
  • File the estate’s income-tax returns.

Guardianship Services:

A guardian is responsible for minor children or disabled individual and acts under the supervision and direction of the Probate Court. It is the guardian’s responsibility to:

  • Assist in establishing the guardianship.
  • Prepare an inventory of all assets belonging to the disabled adult or minor and file the inventory with the Probate Court.
  • Evaluate the investment needs of the disabled adult or minor and invest the assets on an interim basis pending establishment of a formal investment program.
  • Meet with the family, attorney, accountant, and others as appropriate to construct a budget for living expenses for the disabled adult or minor.
  • Prepare a detailed investment program and submit to Probate Court for approval.
  • Implement investment program.
  • Prepare accountings as required by the Court.
  • Arrange regular remittances for the care and maintenance of the disabled adult or minor.
  • Review investment program and make adjustments as required.
  • Assist in estate and tax planning.
  • Prepare and file annual Federal and State individual income tax returns.



Not FDIC Insured Not Bank Guaranteed May Lose Value
Not Guaranteed by any Government Agency Not a Bank Deposit
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