Why You Should Consider a Corporate Trustee for Trust Management

Establishing a trust is a powerful and strategic financial planning tool that can provide security and continuity for your assets and loved ones. However, the selection of a trustee is a critical decision that can significantly impact the effectiveness of your trust. While individuals often assume the role of trustee, there is a compelling case for considering a corporate trustee to manage your trust.

Understanding the Corporate Trustee

A corporate trustee, typically a bank trust department or trust company, plays a pivotal role in helping individuals build, manage, and safeguard their wealth through trust structures. Trusts, legal documents that facilitate reduced legal fees, tax savings, and asset control during one’s lifetime, incapacitation, and after death, can benefit immensely from the expertise of a corporate trustee.

Reasons to Choose a Corporate Trustee

Access to Experience: Corporate trustees bring years of experience in managing various trusts, understanding tax and estate planning strategies, and fulfilling the legal obligations of a trustee.

Enhanced Investment Returns: Focused solely on managing trust assets, corporate trustees, with their collective expertise and resources, often achieve superior investment results after considering your financial goals, risk tolerance, and long-term objectives.

Regulatory Protection: Regulated by state and federal agencies, corporate trustees adhere to higher standards, providing an additional layer of protection for your wealth.

Reliable Professional Service: Unlike individuals, corporate trustees do not face personal issues that could disrupt their service, ensuring a consistent and reliable approach to managing your assets.

Objective Decision-Making: Corporate trustees follow trust instructions objectively, avoiding the personal biases that family members may introduce.

Wealth of Advice and Referrals: Corporate trustees offer valuable advice on investment, tax, retirement, and estate planning, connecting you with qualified professionals as needed.

Peace of Mind: Choosing an experienced and reputable corporate trustee offers reassurance that your financial affairs will be expertly managed, both currently and in the future.

When to Utilize a Corporate Trustee

Whether establishing an irrevocable trust for tax savings or a revocable living trust to sidestep probate, a corporate trustee is a wise choice. While relatives or friends may be considered as trustees, the complexities involved may outweigh the benefits. 

Considering Costs

Corporate trustees typically offer cost-effective solutions, providing a comprehensive array of services for a modest percentage of managed assets. Their compensation structure aligns with the growth of your assets, motivating them to ensure your financial success.

Selecting a Corporate Trustee

By choosing Independent Trust Company, you are opting for a partner that understands the nuances of trust management and is committed to ensuring the enduring success of your financial legacy. Contact us today.

Independent Trust Company is licensed and headquartered in South Dakota helping families throughout the United States access and benefit from the numerous advantages of South Dakota trusts.