Estate Planning
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Meet the Team“As we work with clients on estate planning and execution, we often partner with their other advisors – be it legal, accounting or tax advisors – so a client knows they have a trusted team working together on their behalf.” – Ann Sharpe, Esquire – Trustee, Executor, Fiduciary Wealth Management Solutions Team
What do you want to leave as your legacy?
What will happen to your home and assets when you die? Do you have sufficient assets to provide for your family? Who will have custody of your children? What if you have family members who are unable to manage for themselves? Would you like to gift assets to a favorite charitable organization? If you become incapacitated, have you named agents to help you with your legal, health and financial matters?
Planning for your Future
A well-thought-out estate plan can help answer these questions and ensure that your assets pass to heirs according to your wishes, in the most efficient way possible. Estate planning is the process of determining how your assets will be preserved, managed and distributed after death. It also considers the management of your financial life in the event you become incapacitated. Careful planning includes making a will, naming an executor and beneficiaries, establishing a guardian for your dependents, setting up trusts, making charitable contributions while minimizing estate taxes, and more. That’s why it’s important to have a trusted team of advisors in place – legal, accounting, tax, financial – who can guide you through the planning process and help implement your plans, now and in the future.
The Versatility of Trust
The use of trusts can be a key component of a sound estate plan. Trusts can be established to provide for a special needs child, make gifts to charitable organizations, and to protect assets from creditors, avoid probate, and mitigate taxes. During the estate planning process, your BSNB advisor can work with to identify trust strategies that may work for you.
Peace of Mind at a Difficult Time
We can offer your family members increased security and reduced stress by handling all aspects of your estate including:
- Arranging for probate while collecting, inventorying, valuing, and protecting all your assets
- Ensuring preparation and filing of income and estate-tax returns while settling estate expenses and receivables
- Following the directions of your will and expeditiously distributing estate assets to heirs
We are experienced executors with the skills to handle your entire estate settlement. Or should you feel that the personal insight of a family member or trusted professional is important, we can also serve as co-executor, sharing responsibility for estate decisions while relieving your co-executor of the stress and pressure of handling administrative and technical duties.
Selecting Your Executor
A critical part of the planning process is naming the executor of your estate – those individuals or institutions who will oversee the terms of your will. Many people seek the expertise and reliability of a corporate executor, knowing that when it comes time to settle the estate, it will be managed in a professional and objective manner. When deciding who to choose as your executor, turn to BSNB’s local professional estate settlement services. BSNB’s Wealth Management Solutions team will work to smoothly and sensitively execute your wishes as planned. Our resources allow us to settle your estate without unnecessary delay and with a minimum of disruption for your heirs. And because we serve in a fiduciary capacity, we are legally obligated to act in your best interest.
| No Bank Guarantee | Not FDIC Insured | Not a Deposit |
| Not Insured By Any Federal Government Agency | May Lose Value including Loss of Principal | |