Services
Trust & Investment Services at Bank of Millbrook
We provide comprehensive services for trustees and executors.
Trustee
The Bank can be appointed to act as Trustee/Co-Trustee under your Will or as Trustee under the Trust Agreement. As a corporate trustee, the Bank handles the administration of the Trust in accordance with the terms of the document, the investments, accounting and income tax returns. The responsibilities of a trustee are numerous and complex, and require impartiality. Hiring a corporate Trustee provides the expertise needed to administer a Trust properly, as well as the oversight and guidance of Bank Management and the Directors’ Trust Committee.
Executor
The Bank can be appointed to act as your Executor under your Will. The complex job of administering an estate requires expertise and attention to detail. As your Executor, the Bank will devote its expertise to administer the Estate carefully and to carry out the duties of the Executor. These duties include: the collection and valuation of all of the assets in the estate, determination of debts and claims against the estate, management and protection of the assets in the estate, determination and payment of all estate and income tax, distribution of the estate in accordance with the terms of the Will and an accounting of the transactions in the estate during the administration.
