What is a corporate trustee?
A corporate trustee is a bank trust department or trust company. They can help you build, manage and protect your wealth when you put your assets in a trust. A trust is a legal document that lets you reduce unnecessary legal fees, save taxes and keep control over your assets while you are living, if you become physically or mentally incapacitated, and after you die. When you set up a trust, you need to name someone (a trustee) to manage the assets your trust controls. While you can choose any adult, there are very good reasons why you should consider a corporate trustee. 2. 7 Reasons To Use A Corporate Trustee Reason 1. You’ll gain the advantage of years of experience. Because they manage trusts on a daily basis, they are familiar with all kinds of trusts, tax and estate planning strategies, and the legal responsibilities of a trustee. They can manage the assets in your trust now and/or after you die as your trust directs–buying and selling assets, paying bills, filing tax returns, ma
A corporate trustee is a bank trust department or trust company. They can help you build, manage and protect your wealth when you put your assets in a trust. A trust is simply a legal document that lets you reduce unnecessary legal fees, save taxes and keep control over your assets while you are living, if you become physically or mentally incapacitated, and after you die. When you set up a trust, you need to name someone (a trustee) to manage the assets your trust controls. While you can choose just about any adult, there are very good reasons why you should consider a corporate trustee. 2. 7 Reasons To Use A Corporate Trustee 1. You’ll gain the advantage of years of experience. Because they manage trusts on a daily basis, they are familiar with all kinds of trusts, tax and estate planning strategies, and the legal responsibilities of a trustee. They can manage the assets in your trust now and/or after you die as your trust directs–buying and selling assets, paying bills, filing tax
