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Experience

Corporate trustees typically have a great deal of experience in the administration and investment management of trusts and are usually more efficient and knowledgeable in trust matters than non-professional individuals.

Regulation

A corporate fiduciary is subject to many levels of oversight from internal auditors, outside auditors, and government regulators. This is all for the protection of the trust beneficiaries.

Objectivity

The corporate fiduciary is bound by the terms of the document and will administer the trust as it is written. Sometimes individual trustees have a tendency to favor one class of beneficiaries over another or to be subject to pressure from one class. While a corporate fiduciary may be subject to pressure, there is no personal benefit from favoring one over the other.

Advice and Referrals

Corporate fiduciaries have a network of professionals from whom they can get answers to difficult questions. They can refer beneficiaries to competent legal and accounting professionals when there is a need.

Peace of Mind

Beneficiaries can have peace of mind when dealing with a corporate fiduciary instead of worrying if the trustee is making the right decisions.

Tax Management

Most corporate fiduciaries have tax expertise or have contracted with competent tax preparers, so they are able to handle trusts properly from a tax perspective.

Family Unity

Parents will often name an oldest child as the trustee of their trusts. The trustee can be faced with difficult choices that are not always popular with the beneficiaries of a trust. When this involves family members, the named child is put in a situation that can cause conflict among the family. A corporate fiduciary does not face these personal issues among the family members. This allows the trustee to make the best possible decision, preserving harmony within the family.

National Advisors Trust Company, FSB serves as a Corporate Trustee and works with investment advisor to ensure the clients future.