The Value of Corporate Trustees
Corporate trustees can serve a vital role in managing trust assets and protecting your wealth. They offer a solution when there isn’t a viable individual trustee option, and they are often the last line of trustee successors. Perhaps most importantly, a corporate trustee can maintain family harmony by not placing a loved one in the challenging position of distributing assets among heirs.
What You May Be Thinking
- What are the benefits of using a corporate trustee?
- How do I know if I should name a corporate trustee instead of an individual?
- Which trust company should I work with?
Corporate Trustees are related to these other planning strategies used by Copper Leaf:
How Your Team Helps
As a part of overall wealth transfer planning, your advisory team can help you decide if using a corporate trustee may be beneficial. Your team works with several respected corporate trustees, as well as attorneys who can draft estate planning documents that reflect your wishes. A corporate trustee can help ensure a more seamless execution of your estate planning goals, such as transferring assets to heirs and protecting your legacy. Your advisors work to:
- Ensure you are working with a reputable corporate trust company, one that meets our selection criteria and operates in a collaborative, collegial environment.
- Suggest a corporate trustee that best fits your needs based on the size of the trust and levels of service needed.
- Accommodate any special needs and circumstances that may exist when executing the trust.
- Allow you and your family to follow an evidence-driven investment strategy for trust assets and have continuity in working with your trusted advisors.
- Navigate the complexity as well as opportunities across various state laws.
- Help you understand the fee structures of the trust company – and the variety of potential costs that can arise from not using one.
Please note that the information presented in this material is for general purposes only and should not be acted upon without first seeking professional advice. This material has been authorized by Focus Partners Advisor Solutions (FPAS), and CLF makes no representation or warranty regarding the accuracy of the information provided. It is being used with permission and was originally published by FPAS.
Copper Leaf Financial has established key strategic partnerships with elite financial industry leaders including FPAS. These alliances put us in the optimum position to help clients reach their personal and financial goals while retaining our independence. We are truly independent fiduciaries offering high-level services without being accountable to a large parent corporation unlike many of our competitors who attempt to pick stocks and outsmart the market. As a member of FPAS network of more than 140 independent wealth management firms we have strengthened our ability to help clients make the best decisions by providing them with ideas, insights, and intelligence from industry thought leaders. Through our strategic partnerships we are in a unique position to deliver comprehensive solutions to our clients. This is true wealth management.
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