Estate Settlement
Asking Haverford to Be Your Executor
An executor named in your will is responsible for settling your estate and carrying out the instructions contained in the will. Within one or two years in most cases, the executor must gather all your property, pay all your debts and taxes, and distribute what remains per your directions. For an inexperienced executor, the responsibility can be a severe burden. For your estate, inexperience can pose real risks.
Serving as the executor of your estate, Haverford offers valuable capabilities and the advantages of great experience.
Dependable Availability
The financial professionals at Haverford have a long history of serving clients day in and day out, from generation to generation. As your executor, we are on duty regardless of extenuating circumstances — something that few individuals can commit to.
Sound Judgement
Unlike an individual executor, Haverford takes a team approach to important decisions. Your estate benefits from the extensive experience and diverse views of our professional team.
Experience
Haverford has decades of experience with estates and understands the processes, the potential pitfalls and the family dynamics that can make estate settlement a challenge.
Financial Knowledge and Techology
Haverford’s staff brings deep knowledge of investing, real estate, tax and estate settlement procedures to the settlement of your estate. We communicate effectively with all of the professionals typically involved in estate settlement and have the accounting facilities needed for efficient administration.
Caring Impartiality
An executor needs sympathy and tact to deal effectively with family members at a time of loss. We know the importance of empathy, consideration and grace in our relationship with heirs. But there is a line we are careful never to cross. Personal and business relationships must never influence an executor. As an objective third party, Haverford treats all heirs equally.
Financial Stability
Your executor should be financially sound. Thanks to the known financial strength and experience of Haverford, when you name Haverford as an executor you may rely on us with confidence.
Common Types of Trusts and Their Uses
The Living Trust |
Charitable Remainder Trust |
Irrevocable Trust |
Special Needs Trust |
Wills/Estate Settlement |
|
| Ensures Investors’ Wishes | Primary | Primary | Benefit | Benefit | Primary |
| Protects Minor Children | Option | No | Option | Option | Option |
| Provides for Those with Special Needs | Option | No | Option | Primary | Option |
| Ensures Smooth Transition of Wealth | Primary | Benefit | Benefit | Option | Primary |
| Benefits Charities | Option | Primary | Option | No | Option |
| Tax Advantages | No | Primary | Option | No | Primary |
| Irrevocable | No | Yes | Yes | Yes | Yes |
