We are committed to providing comprehensive and customized fiduciary solutions to individuals and families, businesses, non-profits, foundations and endowments. Our Fiduciary Officers work with clients to recommend and execute strategies that build and sustain wealth.
Fiduciary solutions
Professional trustee services
Our fiduciary professionals will give you peace of mind as your assets are held in trust for the next generation, or managed and distributed in accordance to the provisions set forth in your trust documents. Best of all, you will spare your family the hard work and risks associated with administering your trust and the risks of serving in this capacity.
A trustee’s duties are dictated by the terms of the trust documents. Depending on the terms of the documents, a trustee’s primary responsibilities may include:
- Interpreting your trust documents which may include sophisticated estate, gift, generation-skipping transfer and income tax provisions
- Managing investments, including real estate and other assets
- Communicating with beneficiaries regarding trust transactions
- Filing of fiduciary income tax returns and other required tax returns
- Exercising discretion over distributions to beneficiaries
- Collaborating with the family’s other trusted advisors
Probate and estate administration
Our team of fiduciary officers and administrators work directly with attorneys and CPAs during the estate settlement process. TCF National Bank acts as Personal Representative or Trustee when named, or as agent for individuals named as Personal Representative or Trustee to help provide a great level of confidence that the settlement process is handled efficiently and accurately.
We provide the highest standard of care with all facets including:
- Collection and distribution of assets in accordance with governing documents
- Real estate management and sales
- Accounting to beneficiaries
- Sale of unusual assets
- Access to and use of expert appraisers and sale professionals
- Estate tax return preparation and delivery
Questions? We are here to help
Contact our Wealth Resources team directly at 1-877-895-5145 for more information on Trust and Estate solutions with TCF.