Selecting A Corporate Trustee
Corporate trust services are offered by trust companies, banks, some attorneys, and some financial advisors.
Your first step should be to determine just what services you expect to receive from the trustee. You can choose a trustee to perform the administrative functions only. This could include:
When you have determined exactly what services you want the trustee to provide you can move to the next phase which is where you should request proposals from several sources. If possible you should meet face to face with a trust officer from each firm you interview. While very intangible the personal touch is a large part of the function of corporate trustees.
Some of the questions you will want to ask include:
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