ACTING IN YOUR INTEREST.

Trust Administration Services include:

• Revocable Living Trusts
• Irrevocable Trusts
• Charitable Remainder Trusts
• Grantor Retained Trusts
• IRA and Roth IRA Management
• Public or Private Foundation Management
• Guardianship Management

Through Our Premium Trust Attention, We’ll:

• Coordinate estimated tax payments working with your tax accountant or preparer
• Process bills (unlimited) and medical claims
• Facilitate caregiver services, including transportation
• Manage your checkbook and any real estate held in trust
• Arrange home repairs and capital improvements
• Organize medical and prescription services
• Make personal visits

Choosing the Right Trustee

Choosing a trustee for your trust is one of the most important decisions you will make. Englewood Bank & Trust provides professional trustee services and is an excellent choice to serve as trustee of your revocable or irrevocable trust or IRA.

The question is whether to choose a corporate or an individual trustee. There are significant responsibilities in being a trustee, and providing quality trustee services requires expertise and knowledge that individuals may not always possess.

When considering naming your trustee, consider some of the required responsibilities:

• Taking possession and maintaining control of trust assets
• Collecting amounts due and paying expenses
• Maintaining clear and accurate accounts and records
• Administering the trust in the interest of the beneficiaries
• Valuing assets for tax, insurance, disposition, and capital gains reporting purposes
• Arranging for payment of estate, inheritance, and income taxes
• Monitoring trust or estate portfolio investments
• Administering the trust according to the provisions in the trust documents

The job of being a trustee is demanding. It also carries a certain amount of liability if not done correctly and responsibly. If trustees act inappropriately they will be held liable for violations of applicable laws, non-compliance with terms of the trust, or failure to discharge any trustee duties or responsibilities. In fact, a Corporate trustee is held to an even higher standard than an inexperienced individual acting as a trustee.

For a free, comprehensive guide to the important task of choosing a trustee, please contact Kerry Hunter at 941-473-3629 or by email at khunter@ebtfl.com.