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Trust Management and Assistance

The security of your trust plan may depend not only on how you manage your wealth today, but also on how it is managed, enhanced and preserved in the future.

Most trusts are managed by an individual. Hopefully, a fair and competent person.

If you cannot select someone that is worthy, you might pick a professional trustee. If you fail to select a trustee or the trustee is unavailable, the control reverts to the government.

    A Corporate Trustee can serve as trustee for many types of trusts:
  1. * Revocable Living Trusts
  2. * Testamentary Trusts
  3. * Irrevocable Trusts
  4. * Credit Shelter Trusts
  5. * Delaware Directed Trusts
  6. * Marital Trusts
  7. * Dynasty Trusts
  8. * Charitable Remainder Trusts
  9. * Charitable Lead Trusts
  10. * Private Asset Trusts
  11. * Private Foundations
  12. * or just during attack, disbursals, or litigation
While you may have good reasons for choosing a friend or family member, a corporate trustee may make better sense given the circumstances surrounding the trust. Corporate trustees are experienced professionals with special expertise in estate, trust and taxation matters and the resources to handle any number of unique situations.

They also offer:
* Continuity: A corporate trustee will appoint a trust officer to handle each trust relationship who, depending on the terms of the trust, may handle the relationship for years, even decades
* Responsibility: A corporate trustee is often better equipped to oversee records and distributions. Furthermore, a corporate trustee is regulated by state and federal agencies, as well as courts
* Impartiality: In many situations, an objective and impartial third-party trustee may make sense to minimize conflict

Paying professionals may also be the best ways to avoid litigation, family disputes, and tax problems.

 Asset Protection True Trust Book by Jay Lashlee