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Estate Services

At Old Point, we take into account :

  • Your resources and expectations
  • Your family dynamics
  • Your current estate and retirement plan
  • Your assets, liabilities, business interests, potential inheritances, retirement accounts and liquidity needs

After a thorough review, recommendations are made, which might include the use of trusts, gifts and Will revisions. We help nurture your plan throughout your lifetime so adjustments are made to be sure your objectives are being met.

The advice given by the professionals at Old Point is based on extensive experience and a knowledge of:

  • taxes
  • estate and trust law
  • asset ownership
  • asset management
  • retirement benefits
  • insurance

We welcome the opportunity to work with your attorney, accountant, life insurance representative and other professional advisors in the creation and maintenance of your estate plan. By coordinating with all of your advisors, we strive to ensure all your needs are met.

Naming Your Executor

Preparing your Will is a huge step in the right direction to begin your estate planning process. Naming an executor, the person you have designated to carry out the terms of your Will, is an important one. The executor’s duties include collecting the decedent’s probate assets, paying valid debts, managing estate funds, and ultimately distributing them to the beneficiaries in accordance with the terms of the Will. A friend or loved one so often has no idea where to begin.

So which should you choose, a corporate fiduciary or an individual executor?
In performing fiduciary services, you can expect that a corporate fiduciary will have the advantage of a staff who are experienced in handling estate work. The advantages of a corporate fiduciary include:

  • Knowledge
  • Experience
  • Objectivity
  • Reliability
  • Permanence