A corporate trustee is a bank trust department or trust company that can help you build, manage, and protect wealth inside a trust. Corporate trustees manage trusts daily, understand tax and estate planning strategies, and know the legal responsibilities of a trustee. They can buy and sell assets, pay bills, file tax...
Category: Corporate Trustee
Choosing the Initial Trustee of Your Trust
When you establish a trust, you nominate someone to be the trustee. If you are creating a revocable living trust, you will likely be the initial trustee. You will also want to name successors or backup trustees to step in and manage the trust’s affairs if you can no longer manage the...
Choosing the Right Trustee
Whether you are reviewing your existing trust or creating a new trust, you should understand the important role that a trustee plays not only in handling trust matters but also in providing for and protecting your loved ones.
What is a trust?
A trust is an...