There are frequent cost concerns when it comes to Independent Trustees. You may also be concerned over who controls the Trust and its assets. If this describes your situation, then you should establish a Private Trust Company ("PTC") to act as Trustee.
A Private Trust Company is unregulated and may be trustee for one or more related trusts. They are surprisingly simple to set up and are flexible enough to meet most situations.
The company is generally owned by family, may act as permanent trustee and is structured according to your family's needs. This includes managing investments, trust administration and other related activities.
This flexibility brings advantages such as separating operations from managing investments, centralizing tax, investment and estate planning, privacy and the ability to provide financial tutoring to younger family.
Whether you desire an affordable trustee, sophisticated planning or both, contact us to determine whether a Private Trust Company is the answer.