You may wish to act as the trustee yourself or you may name another individual as trustee. However, you may find a convenient alternative is to take advantage of the expert services of a professional corporate trustee. Corporate trustees are institutions that specialize in the management of trust accounts. They employ full time, professionally trained staffs to manage the assets and administer the paperwork for each trust according to its written instructions. Trustee duties typically include filing all necessary tax forms, maintaining accurate investment records, distributing trust income and paying out assets to the trust's beneficiaries.
Corporate trustees handle personal trust accounts for thousands of individuals.
This experience helps with the proper handling of legal responsibilities, superior recordkeeping and efficient asset distribution. Professional asset management. Corporate trustees typically use professional money managers to consider appropriate investment vehicles for the trust portfolio. A corporate trustee generally must have capital to support trust administration properly. Corporate trustees objectively follow instructions as written into the trust agreement.