How an Independent Trustee Serves You
- No conflict of interest with legal and financial advice
- Removes the possibility of decisions being made on emotion
- Removes personal conflicts that can arise when a beneficiary is also the Trustee
- Becomes a member of the existing team of trusted advisors
Common Scenario When a Corporate Trustee is Engaged
Traditionally when a Trust Creator does not want to function as the trustee, a family member is enlisted to be trustee. If a family member is not willing to serve, or the Trust Creator does not want to choose between members, a bank trustee is traditionally engaged. However, this can often lead to barriers that make the situation cumbersome, time consuming and can lead to a loss of the Trust Creator’s team of trusted advisors.