TRUSTEE SERVICES

THE ADVANTAGES OF PROFESSIONAL TRUSTEE SERVICES

One of the inherent challenges of appointing a family member as a trustee is the potential for bias and emotional conflict. Professional trustees provide an invaluable layer of impartiality and objectivity, ensuring that decisions are made solely based on the best interests of the beneficiaries and in strict adherence to your instructions. This impartiality helps prevent family disputes and maintains harmony during the administration of the trust.

The fiduciary responsibility held by professional trustees is subject to rigorous regulatory oversight. This ensures a high standard of compliance with all legal and ethical requirements. Professional trustees are held accountable for their actions, providing an added layer of security and peace of mind. Their adherence to best practices in governance and transparency further safeguards your assets.

A CORPORATE TRUSTEE BRINGS OBJECTIVITY.

As an independent third party, trained in the efficient administration of investments, Wilco can execute your wishes for your loved ones in an unbiased, professional manner.

A CORPORATE TRUSTEE OFFERS CONTINUITY.

A trustee will often need to balance the needs of the current beneficiaries with those of future beneficiaries.

AT A TIME OF POTENTIALLY GREAT EMOTIONAL STRESS, A CORPORATE TRUSTEE CAN HELP RELIEVE A FAMILY'S BURDEN.

The potential for strained relationships between family members is reduced by using an independent trustee.

A CORPORATE TRUSTEE WILL UTILIZE CURRENT BEST PRACTICES.

A corporate trustee will utilize best practices in the management of investments, and adapt to changing circumstances over time.

WHO CAN BENEFIT FROM AN INDEPENDENT AND OBJECTIVE CORPORATE TRUSTEE?

Three scenarios that showcase the benefits of a corporate trustee.

“My daughter has a solid career and is very savvy in managing her wealth, but my son is not. I want to outsource this to an objective third party to avoid creating an ongoing family conflict.”

“Our child has special needs, and we want to know he’ll get the right care when we’re gone. We don’t want a rotating cast of employees at a big bank that we don’t know to manage the estate. We want someone who understands our situation and has known us for years.”

“We trust our children, but we don’t want to burden them with managing a complex trust. And when they’re gone, we want our grandchildren to think about how they want to use the money, not about managing investments and paying taxes.”