Planning · December 10, 2020

Managing Your Special Assets

Working together with you, we’ll identify how to best manage your special non-financial assets—including real estate—on behalf of an estate or trust. As part of your First Citizens Wealth Management team, our Trust Special Assets team is ready to handle daily operational demands while providing knowledge and guidance for your holistic financial or estate plan.

As a corporate executor or trustee, First Citizens Bank has a fiduciary responsibility to act in the best interest of the estate while following the terms of the trust or governing document.

Efficient planning and execution

Working together, we’ll identify your assets, define your goals and determine a course of action to help you achieve your aspirations within the terms of the trust or governing document. We oversee and protect your assets under our care at all times. Our Trust Master Insurance Policy even includes flood and earthquake coverage. The Trust Special Assets team also regularly reviews procedural decisions and discusses all perspectives of your holdings. 

Communication with you is key. We encourage regular face-to-face meetings with key team members to keep you and your advisors aware of current and potential property management issues.

Real estate

Often your most valuable investments, real estate is complex, time-consuming and requires specialized expertise to handle. The Trust Special Assets team will help you manage your residential, commercial, farmland or timber assets to achieve long-term financial benefits. Our goal is to provide you with industry-leading management service and help you meet, or exceed, your income and expense objectives. Our experienced team members belong to the National Trust Real Estate Association and are skilled negotiators in conflict resolution. Our services include:

  • Comprehensive recordkeeping and accounting
  • Financial analysis
  • Property management
  • Sales and acquisition process management
  • Capital improvements and maintenance

Closely held private business interests

These interests can present unique challenges and opportunities. We work with owners, grantors and beneficiaries of a trust or estate holding private interests to determine and maximize the value of those interests. Our services include:

  • Asset transfer coordination
  • Value assessment and strategic evaluation
  • Discussions of closely held business performance with beneficiaries
  • Management support for closely held business partners

Personal property

We know managing personal property such as vehicles, household furnishings and jewelry is time consuming and emotional for your loved ones. Our Trust Special Assets team will inventory, sell and distribute personal property held in an estate or trust according to the decedent’s estate planning instructions. Our services include:

  • Inventory
  • Value
  • Safeguard
  • Sale or distribution

Have questions?

Our Trust Special Assets team is ready to answer them and can provide knowledge and guidance for your financial or estate plan. You can reach them at 855-329-3258.


A few financial insights for your life

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Your investments in securities, annuities and insurance are not insured by the FDIC or any other federal government agency and may lose value. They are not a deposit or other obligation of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amount invested. Past performance does not guarantee future results.

First Citizens Wealth Management is a registered trademark of First Citizens BancShares, Inc. First Citizens Wealth Management products and services are offered by First-Citizens Bank & Trust Company, Member FDIC, Equal Housing Lender; First Citizens Investor Services, Inc., Member FINRA and SIPC, an SEC-registered broker-dealer and investment advisor; and First Citizens Asset Management, Inc., an SEC-registered investment advisor.

Brokerage and investment advisory services are offered through First Citizens Investor Services, Inc., Member FINRA and SIPC. First Citizens Asset Management, Inc. provides investment advisory services.

Bank deposit products are offered by First Citizens Bank, Member FDIC.

See more about First Citizens Investor Services, Inc. and our investment professionals at FINRA BrokerCheck.