Trusts & Estates

Diversified Trust is an independent trust company with broad fiduciary powers. We are the largest independent trust company headquartered in Tennessee, and one of the largest in the Southeast.  Tennessee ranks as one of the most favorable jurisdictions to establish a trust due to advantageous statutory and regulatory enhancements enacted by the Tennessee legislature and the Tennessee Department of Financial Institutions.   These enhancements include an overriding component favoring the intent of the grantor as paramount in the administration of a trust.   Our trust powers allow us to serve clients in various fiduciary capacities including:

Trustee Services

We understand that making the right choice for trustee involves different issues for everyone, and we do not recommend a “one size fits all” approach. Diversified Trust offers an alternative to the traditional bank and brokerage company trustee options.  Providing fiduciary, investment management and wealth management services is our only business.

Diversified Trust’s Approach to Trust Services

  • Integration of trusts into a broader wealth management plan
  • A sophisticated, widely diversified investment platform
  • Personalized communication with beneficiaries
  • Continuity of dependable and consistent service

Diversified Trust serves as trustee of a broad range of trusts including revocable living trusts, marital and credit shelter trusts, generation-skipping and dynasty trusts, charitable trusts, qualified personal residence trusts, GRATs and irrevocable grantor trusts, among others.

Estate Settlement Services

Diversified Trust manages all aspects of estate settlement including serving as executor, co-executor and/or as a custodian for an estate.

Services provided include:

Administration Services

  • Payment of funeral expenses, debts and administration expenses
  • Notice to creditors, review claims filed against estate, payment of valid claims, contest invalid claims
  • Coordination of tax filings and probate filings with third parties
  • Inventory, safekeeping and custody of estate assets
  • Collection of debts owed to decedent
  • Collection of income and distribution of income earned by estate to beneficiaries
  • Distribute estate

Valuation Services

  • Valuation of stocks, bonds, publicly-traded partnership interests, mutual fund shares, etc., on the date of death and the alternate valuation date
  • Coordinate appraisals for real estate, closely-held business interests and tangible personal property

Tax Services

  • Coordinate with accountant for preparation and filing of final income tax return
  • Coordinate with family accountant for preparation of fiduciary income tax return
  • Participate in audit process if estate is audited by Federal or State officials

Investment Management Services

  • Review of overall allocation of estate assets
  • Assessment of tax considerations for estate assets
  • Maintain prudent investment of assets during estate administration period
  • Liquidation of assets if necessary to satisfy tax liabilities

Custodial and Accounting Services for Estate Assets

  • Registration of securities into name of the estate
  • Processing and reporting of income received on estate assets
  • Establish and maintain estate account
  • Allocate receipts between income and principal