Trust Services
Of all the issues our clients face, none is more important or personal than the matter of transferring wealth to future generations. The solution often involves the thoughtful and creative use of trusts—a core Fiduciary strength.
An effective trust merges the practical and personal. It is often the cornerstone of an estate plan. At Fiduciary Trust, our advisors are highly skilled in managing the financial, legal and tax issues that arise with trusts.
But technical skills are only part of what we offer. Our professionals also are sensitive to the personal dimensions of your financial matters. We work to devise trusts that reflect your philosophy and your long-term hopes for the beneficiaries of the trust.
Corporate Trustee
Selecting a trustee is not a simple matter. You must have confidence that the trustee has the skills to handle the technical matters that will arise, including taxation and asset management. You also need to know that the trustee is able to serve for the term of your trust—a period that can span generations.
Only a corporate trustee—a corporation legally empowered to act as a trustee—can meet these requirements. At Fiduciary Trust, we have served as corporate trustee since 1928, offering our clients the assurance that their financial affairs will be dealt with expertly, and that future generations of their families will be advised by trust experts who understand their family dynamic and who are committed to the highest standards of integrity, professionalism and personal attentiveness.
Effective trusteeship depends on effective relationships. In the unlikely event that our relationship with a client is not satisfactory, Fiduciary would help them find a successor trustee.
Trust Administration
The ongoing management of a trust includes accounting, record keeping, bill paying and other services. Fiduciary Trust performs these functions with skill, and with sensitivity to the needs and preferences of the trust's beneficiaries.
We have systems in place to record and report trust activity in a timely manner. We provide accurate and prompt collection and distribution of income. In addition, Fiduciary Trust monitors corporate activities for any potential impact on your holdings, and we ensure that proxy requests and shareholder voting are handled efficiently.
Fiduciary Insights
Choosing the Right Trustee
One of the most important estate planning decisions is choosing a trustee. This Fiduciary Insight addresses the skills needed for serving as a trustee and highlights the pros and cons of naming a family member or a professional.
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