Executor & Conservator Services

Our team of Trust Officers are experienced and qualified to serve in the capacity of both executor and conservator. Through our partnership with Members Trust Company, we can help you take the burden off family members and turn it over to our team of audited professionals.

Executor Services

An executor is a personal representative who acts on your behalf after your death. You nominate or designate an executor in your will to settle your estate. The person chosen will act in your place to make decisions you would have made if you were still alive. The probate court has final approval, but the court will generally confirm your nomination unless there are compelling reasons not to do so. The functions of an executor are varied, but generally, your executor:

  • Locates and probates your will
  • Inventories, collects and sells your assets as necessary
  • Pays legitimate creditor claims
  • Pays any taxes owed by your estate
  • Distributes any remaining assets to your beneficiaries

Executors act in a fiduciary capacity, meaning they must exercise a high degree of care at all times and are subject to control and approval of the court at all times. Your executor is personally responsible for ensuring that all the proper tax returns are filed and that any estate taxes due are paid. Finally, your executor is accountable to the court and to your beneficiaries on completion of his or her duties.

Naming us in your will as your future executor or personal representative allows us to help settle your estate when the time comes.

Conservator Services

A conservator is someone who might be appointed by a court to manage your financial matters if you or a family member becomes fully incapacitated. They're responsible for taking possession of your real and personal property to use it for your benefit. The conservator has a legal duty to act in your best interest and must productively invest—not waste—your assets. A conservator may spend your estate for your necessary care and support, such as:

  • Paying for the maintenance of your house
  • Paying your medical bills
  • Buying your groceries
  • Paying for in-home nursing care

If a court needs to appoint a conservator to manage assets for a legally incapacitated person, we're licensed and qualified to act in that capacity. We can make sure your incapacitated family members are protected. Preparing a comprehensive estate plan outlining your wishes for care should you become incapacitated can help you avoid needing a conservator.

Plan and prepare for the future.

Call 1-855-358-7878, email TrustOfficer@Memberstrust.com or visit Members Trust Company for assistance.

Navy Federal Financial Group

877-221-8108 - nffg@navyfederal.org
820 Follin Lane SE, Vienna, VA 22180

Nondeposit investment and insurance products offered through Navy Federal Financial Group, LLC, (NFFG) an insurance agency and wholly owned subsidiary of Navy Federal Credit Union, Navy Federal Brokerage Services, LLC (NFBS), member FINRA/SIPC and Navy Federal Asset Management, LLC (NFAM), an SEC Registered Investment Advisory Firm are not NCUA/NCUSIF or otherwise federally insured, are not guaranteed or obligations of the credit union, are not offered, recommended, sanctioned, or encouraged by the Federal Government, and may involve investment risk, including possible loss of principal. Products may be offered by an employee who serves both functions of accepting member deposits and selling nondeposit investment products. Office of Supervisory Jurisdiction, 820 Follin Lane SE, Vienna, VA 22180; phone 1-877-221-8108. Insurance sold through licensed Insurance Representatives of various companies.

Image used for representational purposes only; does not imply government endorsement" (per 32 CFR 705.13).

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