You’ve probably identified a close family member or friend to serve as the executor of your estate. But given the complexity of the challenge, the required commitment of time, and the significant emotional and personal toll the duty can exact, is that person really the best choice?
Did you know that the settlement of your estate could take eighteen months or longer to complete? In addition, your executor will be legally responsible and financially liable for a wide range of exceedingly complex tasks including:
But perhaps most challenging, your executor will need to balance the competing interests of beneficiaries who may be close friends or relatives – all during an emotionally charged time.
Our long history of trust and estate settlement excellence dates back to 1893. It’s a tradition built on the belief that estate settlement isn’t a transaction; it’s a deeply personal undertaking and commitment. When you name SunTrust as executor or trustee, you’ll be confident that the management of your estate will reflect your values and promote your most important wealth goals.
Many people instinctively turn to a close family member to serve as the executor of their estate. But given the complexity of the challenge, the required commitment of time, and the significant emotional and personal toll that the duty can exact, is that the best choice?
Today, blended families are more the rule than the exception. But how do you ensure you provide for your new spouse without disinheriting your children from a previous marriage? With a little careful planning and a lot of communication you can prevent tension and hurt feelings down the road.
SunTrust Bank and its affiliates and the directors, officers, employees and agents of SunTrust Bank and its affiliates (collectively, “SunTrust”) are not permitted to give legal or tax advice. While SunTrust can assist clients in the areas of estate and financial planning, only an attorney can draft legal documents, provide legal services and give legal advice. Clients of SunTrust should consult with their legal and tax advisors prior to entering into any financial transaction or estate plan. Because it cannot provide legal services or give legal advice, SunTrust’s services or advice relating to “estate planning” or “wealth transfer planning” are limited to (i) financial planning, multigenerational wealth planning, investment strategy, (ii) management of trust assets, investment management and trust administration, and (iii) working with the client’s legal and tax advisors in the implementation of an estate plan.
SunTrust Private Wealth Management’s Market Perspective provides a view of the latest market events. Read the most recent report here.
The Carousel of Concerns, a mainstay of this bull market, continues to turn. As one worry recedes and another comes to the forefront, we anticipate modestly positive year ahead. Here are the key themes to watch out for in 2019.
The SunTrust Weekly Market Monitor provides a view of last week’s market events.
Chief Market Strategist Keith Lerner appeared on CNBC’s “Squawk on the Street” to discuss trade headlines, expectations going forward, S&P forward earnings estimates and more.
Chief Market Strategist Keith Lerner joined CNBC’s “Squawk on the Street” to discuss recent market choppiness, trade concerns, and our current view of the US economy.
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