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Fiduciary Services
At Hawthorn, we can facilitate your fiduciary needs for trust administration and estate settlement. With our deeply rooted origins and access to the resources of The PNC Financial Services Group, Hawthorn can effectively administer trusts and estate plans that help ensure that your assets are transferred to future generations according to your wishes and financial objectives. The following are just a few of the benefits we can offer, while acting as fiduciary:
- Our objectivity can smooth over potentially volatile family situations, helping to eliminate possible conflicts of interest and alleviate possible discord among family members.
- Unlike an individual trustee for multigenerational trusts, we help ensure the continuity of asset management and the perpetuation of your intentions throughout the years.
- By preparing certain tax returns, maintaining accounting and trust and estate records, and carrying out other associated administrative details, Hawthorn expects to remove the burden associated with the administration of your plan.
- Because of our fiduciary expertise, we believe we are held to a higher degree of care than a typical family member, an important consideration since a fiduciary may be liable for his or her actions or inactions while serving.
When you choose Hawthorn to administer your trust or estate, you offer your family expertise, experience, objectivity, and understanding support.
Trust Administration
We can offer a variety of trusts, and our fiduciary advisors can help you determine which option(s) meets your objectives and wealth planning needs. As part of our comprehensive fiduciary services, Hawthorn will coordinate family meetings frequently and involve younger generations in the process as appropriate. In our view, their education regarding wealth - and the responsibilities that accompany this wealth - is important.
We offer a wide variety of trusts, including:
- Revocable Trust
- Irrevocable Life Insurance Trust
- Charitable Remainder Trust
- Dynasty Trust
- Asset Protection Trust
- Leveraged Gift Trust
- Total Return Trust
Executor/Estate Administration
Naming a corporate fiduciary to serve as executor of an estate can help relieve family members of a tremendous burden. As a member of The PNC Financial Services Group, we can be named as an executor, working closely with family members as well as legal and tax advisors to help maximize tax savings and minimize costs. We understand the complexities of estate administration and strive to coordinate the effective administration of your estate plans.
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