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Asset Management:
The Public Trustee manages all clients’ assets, including cash, investments, real property, household goods and vehicles. This means caring for treasured heirlooms and safely storing antiques. The Public Trustee also safely stores all personal documentation including birth certificates, passports and Wills.
The Public Trustee tries wherever possible to involve client’s families in managing major assets and sentimental items.
Expense and Debt Management:
To the extent of a client’s ability to pay, the client’s financial obligations are met by the Public Trustee from the client’s own financial resources. The Public Trustee will establish debt management activities, if necessary, and take the appropriate action to ensure repayments of debt using a client’s assets, so creditors are satisfied with the arrangements made.
Investment Management:
The office of the Public Trustee has staff with specialist knowledge of accounting and investments. The Department of Finance acts as an investment partner for the Public Trustee to provide clients with investment portfolios that serve their needs. The Public Trustee office also has an Internal Investment Committee that provides assistance in identifying the best investments based on each client’s unique requirements.
Tax Management:
Tax returns will be filed annually on behalf of each client. All credits will be invested along with other funds held by the client. If a new client has not filed tax returns in previous years, the Public Trustee is responsible to ensure all past returns are filed and that any penalties are paid from the client’s estate. |
