Wills/Probate

Personal Representative of an Estate - Executor/Administrator

Serving as personal representative or administrator is settling the estate of one who has died either leaving a will (testate) or without a will (intestate). The Bank may have been named in the decedent’s will as the personal representative or executor of the estate. If the decedent names an individual as personal representative, that individual may have the Bank appointed as agent for the personal representative. If the deceased died intestate, the court may appoint the Bank as administrator of the estate. In each of these cases (whether as personal representative, agent for the personal representative, or administrator) the Bank, makes an inventory of the assets of the estate, prepares a budget for the settlement of the estate, pays all taxes and claims against the estate, prepares a final accounting for the probate court, and makes the final distribution of the assets to the heir and beneficiaries.        

*Investment products offered by South Valley Wealth Management or SVBT Trust services, are not a deposit, not FDIC-insured, not insured by any federal government agency