Serving as Trustee, Co-Trustee, or Personal Representative.

The primary duty of a trustee is to faithfully carry out your wishes as defined in your trust agreement. This involves investing the assets, making payments and distributions, interpreting the terms of the trust, keeping accurate records and providing regular accounting statements to the trust beneficiaries.

The complexity of these tasks is the reason many people choose Central Trust Company to serve as their trustee. Others choose to name themselves or family members as co-trustees with Central Trust, or name us as successor trustee. Our goal is to carry out your wishes and provide for your beneficiaries.

Below are some of the services Central Trust Company provides.

Trust Admin Services

Account Administration

  • Investment management of assets
  • Ongoing account reviews (investment and administrative)
  • Custody and safekeeping of assets
  • IRA/Roth IRA account management
  • Insurance policy reviews
  • Periodic statements
  • Bill paying
  • Gifting
  • Administer and comply with state requirements for Special Needs Trusts
  • Administer and comply with requirements for Life Insurance Trusts

Tax-Related Services

  • End of year tax information
  • 1041 fiduciary tax return preparation and filing
  • Tax payments
  • Payment of quarterly estimated taxes
  • Estate and gift tax returns

Contacts and Referrals

  • Attorneys
  • CPAs
  • Home health care providers
  • Insurance
  • Real Estate
  • Appraisals
  • Estate sales

Estate Settlement Services

  • File will
  • File trustee’s notice to creditors
  • Payments to creditors and funeral expenses
  • File insurance claims
  • Update cost basis
  • Prepare distribution schedule
  • Obtain Tax Identification Number
  • Administer trust as provisions of the trust specify
  • Communicate with beneficiaries
  • Manage process of real estate sales and estate sales
Estate Services