Pennsylvania Trust

Estate Planning and Administration

Estate Planning

Our experienced team will help you to establish your estate planning goals and ensure that your plan takes care of your family and charities in the way you intend. These are difficult decisions that take time and we will assist you every step of the way. We will work collaboratively with your existing estate planning attorney, or recommend the right attorney to meet your needs.

Estate Administration

When named as corporate executor, we handle all aspects of estate administration, including:

  • Probate
  • Identification, valuation, and safeguarding of estate assets
  • Payment of debts and expenses
  • Preparation and filing of all necessary tax returns
  • Post-mortem tax planning
  • Distribution of assets in accordance with governing documents
  • Preparation of family settlement agreements or final court accountings

We also provide tax preparation services when serving as agent for individual executors.

Case History

Simply appointing an executor for an estate is no guarantee of smooth sailing. Recently, for example, the sudden death of an executor, who was to continue as trustee, precipitated a crisis. The estate was found in disarray, no successor had been named, and the disbursement of funds had been delayed. After a court proceeding, Pennsylvania Trust was appointed as trustee.

Through painstaking reconstruction of the estate from brokerage statements and miscellaneous and often incomplete documents, we were able to prepare an accounting, construct specific trusts for a daughter and grandchildren, and arrange for distributions for tuition payments. Thus, the original intent of the will was preserved and the heirs received their rightful legacy.