Naming a family member as personal representative or successor trustee can also place him or her in the delicate position of arbitrating disputes between other family members about the distribution of personal property.

Naming a professional fiduciary such as Monroe Bank to settle your estate can take the burden off the family and removes the potential for conflict that arises when the personal representative or successor trustee is also one of the beneficiaries.

Monroe Bank will act impartially to carry out your wishes as outlined in your will or trust. Monroe Bank will maintain a complete and accurate record of transactions and provide all the beneficiaries with monthly transaction statements. Monroe Bank is familiar with investments, taxation, trust and probate law, and accounting. We also know the ins and outs of handling real estate and other special trust and estate assets.

In short, naming Monroe Bank as successor trustee of your trust or personal representative of your Will can save your estate time, fees and expenses, and family emotional grief.