Tired of Your Trustee?
Let’s Talk About a Better Option.
If your trustee isn’t responsive or easy to work with, you’re not alone.
Many beneficiaries of trusts reach a point where they want a trustee who communicates, follows through, and handles administration efficiently.
At Independent Trust Company, we help families and beneficiaries make that change.
Irrevocable Does Not Mean Unchangeable
Even when a trust is irrevocable, that doesn’t mean you’re stuck with your current trustee.
In a lot of cases, there’s a straightforward path to appointing a new one. We can work directly with your existing trustee and other professionals to review your situation and make this transition as smooth as possible.
Why Families Choose Independent Trust Company
Direct Access
You’ll have a dedicated Trust Analyst and team who knows you and your account personally.
Clear Communication
Our goal is to keep administration simple and transparent.
Independent Oversight
We don’t manage investments or practice law; our focus is only fiduciary administration.
National Service
We serve clients in all 50 states, giving our clients access to the benefits of South Dakota.
Proven Experience
Our team has decades of experience administering complex trusts with professionalism and care.
Changing Trustees: How It Works
The process is often simpler than you would think.
Here’s what it looks like with Independent Trust Company:
1. Review the Trust and Assets
We review the trust document and the assets owned by the trust to determine if we are able to serve and advise on how the transition should be made.
2. Prepare the Documents
We draft the appropriate paperwork needed to facilitate a change of trustee.
3. Transition Accounts and Records
We coordinate directly with the outgoing trustee and your financial advisor to ensure all assets and records are transferred securely and efficiently.
4. Meet Your Team
You’re introduced to your dedicated trust officer and support team who will handle your administration moving forward.
Our Unique 3-Pronged Team
Relationship Manager + Trust Associate + Trust Analyst
Each member of your team is dedicated to the efficient management of your trust.
Key Terms Explained
Our expert guidance helps you understand your privileges, responsibilities and obligations as a trust beneficiary.
Irrevocable Trust
A trust that cannot be changed or revoked by the grantor once it is established. Assets placed in an irrevocable trust are removed from the grantor’s estate, and can provide tax benefits and protection from creditors.
Revocable Trust
A trust that can be modified or revoked by the grantor during their lifetime. This type of trust offers flexibility in managing assets but typically does not provide the same tax or creditor protections as an irrevocable trust.
A person or entity entitled to receive benefits from the trust.
Primary Beneficiary
Receives distributions from the trust during the trust term, often immediately or at specified intervals
Remainder Beneficiary
Receives any remaining assets after the primary
beneficiaries’ interests have ended.