Trustee Services. Choosing the right trustee.

We all want the peace of mind that comes from knowing we have chosen the right trustee to protect and administer the assets we have worked a lifetime to accumulate. Some people choose to name a spouse or child, a friend or an attorney – but unfortunately there are risks involved with each of these choices.

Family members may not be able to serve effectively as trustees because of emotional turmoil, distance, unfamiliarity with your situation, or a lack of investment knowledge. The same is true of friends. Attorneys may be very knowledgeable in some areas, but there is an inherent conflict of interest when an attorney drafts a trust agreement and serves as trustee.

People who have never served as trustees often find themselves overwhelmed by the duties required of them. They may, quite innocently, make an error in investment policy, accounting, or distributing assets. This may cause conflict or expose them to personal liability. An individual trustee, especially one who has other things to do, could forget to reinvest income or tender a security when a bond is called or stock is sold – costing the trust its income.

When Capital City Bank serves as trustee or in a trust settlement capacity, we accept the responsibility involved in coordinating the efforts of your attorneys and accountants. We keep detailed records to effectively manage the settlement of your trust with the lowest possible cost and taxes. More importantly, we assure that the assets in the trust are distributed according to your wishes. Placing these responsibilities in the hands of a qualified trust-settlement specialist – like Capital City Bank – relieves someone close to you from settling your affairs.

Capital City Bank offers Trust Services to suit every need.

One of the biggest advantages of choosing a corporate trustee, like Capital City Bank, is the wide variety of services we can offer, including:

·         Establishing the right trusts for the right purposes.

·         Collecting, safeguarding, valuing, and investing assets.

·         Administering the trust assets to achieve objectives.

·         Accounting for the trust assets under the Principal and Income Accounting Act.

·         Budgeting and analyzing cash flow for the beneficiaries.

·         Reporting account transactions and investment performance periodically.

·         Paying bills and managing other custodial services.

·         Handling periodic or demand disbursements, including documentation.

·         Compiling and filing trust tax returns.

·         Distributing trust assets when required.

·         Providing complete estate and trust settlement services.