First Western Financial, Inc. · NASDAQ:MYFW
First Western Financial — Investor Presentation (April 2026)
39 slides from First Western Financial's investor presentation, April 2026
Slide 1: Fiduciary Wish List
Fiduciary Wish List Fiduciary Favorite Do’s and Dont's in Estate Planning Documents
Slide 2: Contents
Contents 01 The Phases of Estate Planning & Administration 02 General Timeline to Settle an Estate: Setting the Table of Expectations 03 Future Fiduciary Appointments: Corporate Trustees, Individuals or Joint 04 All in the Family: The Family Tree, Consanguinity and Who’s in the Will? 05 The Twilight
Slide 3: Mr. Frosty, it's March. Time to talk estate planning.
oS a “Mr. Frosty, it’s March. Time to talk estate planning.”
Slide 4: A Fiduciary Scenario – The Thompson Family Estate
A Fiduciary Scenario – John Linda The Thompson Family Estate Second wife John Thompson was a successful Colorado business owner with a net worth of approximately $18 million, composed of: · A closely held construction business · Several pieces of commercial real estate · A brokerage account · Crypto
Slide 5: The Phases of Estate Planning & Administration
The Phases of Estate Planning & Administration
Slide 6: Phase – Estate Planning
Phase 1 – Estate Planning Client/s meet with a drafting attorney to prepare and execute an estate plan including wills, trust/s, financial Stacey Steers, Vital Signs, 2017, Watercolor on encaustic, First Western Art Collection. powers of attorney and healthcare powers of attorney and directives. Cli
Slide 7: Phase – Estate/Trust Settlement
Phase 2 – Estate/Trust Settlement Client/s pass away. If needed, formal probate is opened with an Executor appointed. Nominated Trustees review and accept or decline appointment. The Executor/Trustee may be the same person/entity or different. *** Often, there is a delay, “the twilight zone,” betwee
Slide 8: Phase – Ongoing Trust Administration
Phase 3 – Ongoing Trust Administration The resulting trusts will be funded and the respective Lanny DeVuono, After Empire #10, 2010, Oils, Wood panel, First Western Art Collection. appointed trustees take over the administrative and investment duties. The beneficiary/ies should be informed of the in
Slide 9: General Timeline to Settle an Estate
General Timeline to Settle an Estate Setting the Table of Expectations
Slide 10: General Timeline to Settle an Estate: First 30-90 Days
General Timeline to Settle an Estate First 30-60 Days First 60-90 Days ● Initial meeting with drafting attorney, family members and ● File notice to creditors and trust notice, if applicable nominated fiduciary/ies ● Open estate/trust administrative accounts and collect ● *** Secure real and persona
Slide 11: General Timeline to Settle an Estate: 3-12 Months
General Timeline to Settle an Estate 3-6 Months 6-12 Months ● Appraise and value all estate assets for estate tax ● Finalize inventory of estate assets and debts/expenses returns and to establish tax basis ● Examine tax elections and review prior income and gift ● Summarize valuations and appraisals
Slide 12: General Timeline to Settle an Estate: 12-24 or More Months
General Timeline to Settle an Estate 12-24 or More Months ● Market and sell real property if appropriate ● Obtain estate and income tax clearances – Note that the IRS closing letter on estate tax returns typically takes 12+ months from date of filing. ● Review reserve for taxes and expenses. ● Final
Slide 13: Future Fiduciary Appointments
Future Fiduciary Appointments Corporate Trustees, Individual, or Joint Fiduciaries
Slide 14: Considerations for Future Fiduciary Appointments
Considerations for Future Fiduciary Appointments • Corporate Trustees – A corporate trustee carries experience in administrative, legal, tax matters, and investment decisions, not to mention are neutral as to making unpopular or difficult decisions (e.g., discretionary distributions). • Individual T
Slide 15: All in the Family
All in the Family The Family Tree, Consanguinity, & Who’s in the Will?
Slide 16: The Family Tree, Consanguinity & Who's in the Will?
The Family Tree, Consanguinity & Who’s in the Will? ● Please obtain and include current names and addresses for all beneficiaries named in the document. Consider preparing a family tree, especially if there are bequests/gifts going to heirs at law, or by right of representation. ● Identify minors, i
Slide 17: The Twilight Zone
The “Twilight Zone” What Happens Post Death BEFORE a Fiduciary Steps In?
Slide 18: The Twilight Zone
The “Twilight Zone” Is the time between death and when a fiduciary is appointed and/or formally accepts to serve. It can take a few to several weeks to get a Personal Representative appointed and/or for a nominated Trustee to perform their due diligence before formally accepting to serve and then es
Slide 19: Surviving Spousal & Dependent Provisions during Estate Settlement
Surviving Spousal & Dependent Provisions during the Phase 2 – Death/Estate Settlement Consider Special Provisions for the Surviving Spouse/Partner or Dependents who need support during the estate/trust settlement before funding of their resulting trusts: ● “Commencing at the time the Grantor no long
Slide 20: Resulting Trusts
Resulting Trusts How to Ensure the Resulting Trusts Walk their Talk
Slide 21: Resulting Trusts - Funding and Distribution Provisions
Resulting Trusts - Funding and Distribution Provisions • Small Trust Provisions- Consider the estimated value of resulting trusts and the approximate age of the beneficiaries. Add uneconomic/small trust provisions that allow the trustee the discretion to distribute outright to adult beneficiaries or
Slide 22: Social Responsibility and Substance Abuse Provisions
Social Responsibility and Substance Abuse Provisions • Who Monitors? – Consider whether a family member or other third party would be better suited to determine whether distributions should be reduced, suspended or eliminated due to a beneficiary’s illegal drug use or abuse of alcohol or other legal
Slide 23: Funky Assets
Funky Assets One's Treasure is Another's Prudent Investor Violation…
Slide 24: Funky Assets: Illiquidity, Valuation, and Transfer Challenges
Funky Assets Dealing with Illiquidity, Valuation, and Transfer Challenges Does your client have a concentration in a particular (favorite) stock or asset class, such as real estate or oil, gas and mineral (OGM) rights? Does your client have a timeshare? ● Some clients have concentrations in one stoc
Slide 25: Powers of Appointment
Powers of Appointment The Hidden Dispositive Provisions
Slide 26: The Hidden Dispositive Amendment
The Hidden Dispositive Amendment How does the trustee ensure a testamentary power of appointment has not been exercised? ● Powers of appointment commonly arise in various estate planning scenarios. ● If uncertain as to exercise, it may be necessary to open a “dry” probate proceeding to confirm such.
Slide 27: Tangible Personal Property
Tangible Personal Property Guns, Gold and Whiskey…
Slide 28: Tangible Personal Property a.k.a. TPP
Tangible Personal Property a.k.a. “TPP” It’s the little things, the “itty bitty” things that cause the most fights in families, so be very detailed with your client in addressing and disposing of tangible personal property (TPP). ● Ask your client to prepare an inventory and appraisal including sent
Slide 29: Digital Wills & Assets
Digital Wills & Assets AI Technology and Cryptocurrencies are Here to Stay
Slide 30: A Fiduciary Scenario – The Thompson Family Estate
A Fiduciary Scenario – John Linda The Thompson Family Estate Second wife John Thompson was a successful Colorado business owner with a net worth of approximately $18 million, composed of: · A closely held construction business · Several pieces of commercial real estate · A brokerage account · Crypto
Slide 31: AI Technology and Crypto Currencies
AI Technology and Crypto Currencies Planning for Digital Wills & Assets The Colorado Uniform Electronic Wills Act (CUEWA) enacted in 2021, allows for individuals to create, sign and store wills electronically. However, the act does not apply to trusts so this may not be a suitable option for complex
Slide 32: Who Pays the Tax Piper?
Who Pays the Tax Piper? Estate Tax Exclusion and Appropriation
Slide 33: Who Will Pay the Tax Piper?
Who Will Pay the Tax Piper? Planning with your client’s tax exclusion and equitable tax appropriation • Note that the 2017 TCJA provisions related to the estate and gift tax exemption were scheduled to sunset at the end of 2025. The exemption reached $13.99 million per individual in 2025 but was sch
Slide 34: Amendment vs. Restatement
Amendment vs. Restatement “To amend or restate, that is the question” • Consider how cumbersome it can be to administer a trust Nathan Ables, Deciduous, Acrylic and Oil on Canvas, First Western Art Collection. with multiple amendments, so weigh benefits and burdens of an amendment vs. restatement. D
Slide 35: Contact the Nominated Fiduciary
Contact the Nominated Fiduciary • We look forward to teaming with you and engaging in a discussion with your client’s full team of advisors, including their CPA. • If your client is considering a corporate trustee, please contact us in Robin McCloskey, Baylands IV, 2007, Photo Collage, First Western
Slide 36: Bios of Presenter
Bios of Presenter Clare Ceplecha, JD, CTFA is an accomplished fiduciary leader with more than two decades of experience spanning wealth management, estate law, banking, and fiduciary operations. As Director of Fiduciary Services, she provides strategic direction and oversight for the administration
Slide 37: Bios of Presenter
Bios of Presenter Mary Alred, Fiduciary Officer II, Mary Alred is a Fiduciary Officer II at First Western Trust, where she leverages more than 20 years of experience in trust, estate, and tax law to oversee complex fiduciary matters and trust administration. Throughout her career, Mary has administe
Slide 38: Bios of Presenter
Bios of Presenter Daniel Moll, JD, is a Fiduciary Officer I at First Western Trust, where he provides fiduciary administrative oversight and support for trust administration, account reviews, and internal fiduciary processes. Since joining the bank in 2025, Daniel has brought a strong legal backgrou
Slide 39: myfw.com
Trust, estate planning, insurance, and investment products are not a deposit, not FDIC insured, not insured by any federal government agency, not guaranteed, subject to investment risks, including possible loss of the principal amount invested and may go down in value. Any information and research c
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