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A designation must be made of a personal representative (executor) to handle your final affairs upon death and distribute the assets according to your last will and testament (will). The personal representative can be a qualified individual and/or corporation with trust powers. The duties and responsibilities are not only governed by the will, but include state and Federal tax statutes. A personal representative is a fiduciary and as such, must comply with certain standards.
Agent for Personal Representative/Executor
The demands and responsibilities for an individual acting as personal representative can be overwhelming and burdensome. Under the Florida Statutes, a personal representative can hire an agent to provide guidance and relief. By hiring an agent, the personal representative is not relinquishing their office and still controls the settlement process. Institutions with trust powers, such as Cypress Trust Company, routinely settle estates and have the structure and systems in place to provide the support.
Investment Products are: