Our Services
When Amegy Bank serves as executor, co-executor or agent of your estate, we will perform the required duties to help ensure that your instructions will be carried out and that your designated beneficiaries will receive professional care and attention.
Management of Estate Assets
- Open estate account with financial institution
- Collect and take inventory of all assets
- Arrange the transfer and re-registration of securities
- Invest all surplus cash in a safe, short term investment
- Manage investment portfolio to meet the needs of the estate
- Maintain records of all transactions
- Arrange for distribution of assets after settlement of estate
Inventory & Appraisal
- Inventory all assets of the estate
- Arrange for appraisal of real estate, jewelry, art, etc.
- Coordinate all insurance policies
- Address any issues regarding family owned businesses, partnerships and closely held stock
Real Estate/Oil & Gas
- Evaluate all oil and gas interests as well as real estate
- Gather all necessary documents related to these assets
- Continue to maintain property as well as pay taxes, bills, collect revenue from assets, maintain insurance, etc.
- Maintain detailed records of all transactions
Administration & Accounting
- Determine liquidity needs for ongoing expenses
- Pay all valid claims against the estate
- Maintain detail records of all activity until the estate is settled
- File all medical claims and insurance claims
- Settle all debts (bank loans, credit cards, mortgages, etc)
Tax & Legal Responsibilities
- Locate the will and file with the local Probate Court
- Select the most advantageous valuation date
- Represent the estate in claims against others
- Assist in preparing the following tax returns: Forms 706, 1041, 709, and 1040
- Obtain an estate tax closing letter from IRS
Responsibilities to Beneficiaries & Family
- Notify all heirs of their interest in the estate
- Communicate regularly with all beneficiaries
- Help to manage potential conflicts of interest when multiple beneficiaries are involved