"We don't have a will. Who will take care of things when we're gone?"
Actually, you do have a will. If you fail to create one yourself, the State has one for you that specifies who your beneficiaries will be. Regrettably, if you die without a will or a trust the process for settling your estate becomes more complicated, and therefore more expensive and takes more time. The courts will decide who is to settle your estate and who is to receive your property. It would be far better if you made those decisions and not the courts. Because we feel so strongly that everyone should have a will or a trust, we offer to help you understand the options and guide you through the process at no charge.
This has become a common problem as families grow, marry, and settle down wherever their work takes them, which is often far from their parents. For this reason alone it can be a mistake to name a family member to settle their estate or to be their Trustee. When family members disagree it can add time and expense to settling the estate, and worse yet, may destroy family relationships. Naming an institution like Home Federal Bank to serve as Personal Representative or Trustee assures family members that an estate will be managed and settled professionally, efficiently, and without bias.
“I’ve heard that the bank can settle my estate. However, I don’t see why my wife (or other family member) couldn’t handle the job.”
Families often do not realize the huge responsibility and liability that goes along with the appointment of Personal Representative. It’s rare that a family member has the expertise, experience, or quite frankly, the time needed to tend to estate settlement activities. If you choose Home Federal as your Personal Representative, you alleviate the risk of having someone else fall ill or pass away. We also have trained staff to handle the difficult investment, record keeping, tax and financial decisions that go along with the job. Another key benefit is that we can remain impartial, and treat all beneficiaries equally.
Equal Housing Lender.