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Trust Administration

Poplar Trust serves as directed trustee, co-trustee, and agent for trustee under a variety of trust arrangements such as:

  • Revocable Living Trusts
  • Marital and Credit Shelter Trusts
  • Irrevocable Life Insurance Trusts
  • Irrevocable Grantor Trusts
  • Tennessee Investment Services Trusts
  • Special Needs Trusts
  • Self-Directed IRAs
  • Charitable Trusts
  • Foundations 

Our trust officers are committed to administering trusts in a technically proficient yet highly practical manner.  The trust professionals at Poplar Trust have extensive knowledge in wealth transfer solutions and trust administration.  We believe building strong relationships during the lifetime of the grantor is a critical component to personal trust administration.  At Poplar Trust, we encourage families’ advisors to bring our trust professionals into the client relationship as soon as the need for a corporate trustee has been identified.  Establishing a long-term relationship with the family and their team of trusted advisors ultimately lends itself to an effective and efficient means of wealth transfer.

Many families seek the advice of their financial and legal professionals to use trusts as a solution for issues arising during the wealth transfer process.  It is our commitment to families and advisors to take an active role in minimizing the burden placed upon families with complex assets, changing relational dynamics amongst generations, and complicated estate plans. 

Post-Mortem Administrative Trusts/Estate Administration

Poplar Trust has the ability to serve as Executor or Personal Representative of an estate as appointed by the Probate Court.  In doing so, we work with the families’ attorney for all court filings and proceedings.  Our estate administration team handles the estate settlement process thoroughly and professionally in partnership with the families’ outside advisors.  The duties of an executor of an estate or trustee of a post-mortem administrative trust (wherein probate court oversight is not necessary) are complex and highly technical.  These duties include responsibilities such as:

  • Collecting and taking possession of a decedent’s assets
  • Preparing an inventory of all assets
  • Arranging for appraisals
  • Communicating with beneficiaries
  • Preparing statements and status reports
  • Paying valid claims against the estate
  • Facilitating conflicting beneficiary interests
  • Coordinating tax returns and payment of taxes
  • Paying fees and expenses
  • Distributing specific bequests
  • Obtaining receipts and releases
  • Closing the estate/trust in a timely manner

The duties and responsibilities of the estate settlement process can become burdensome and complicated for a family member, especially during a difficult time such as the death of a loved one.  When appointed to serve in this capacity, we handle the administrative function compassionately and diligently.   

 

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