If you can relate to any of the following situations, you may be eligible to benefit from the services of a corporate trustee. If you are retiring soon and are not sure how you should take distributions from your IRA and other plans or if you are a business owner and are curious about your options for retirement plans, wealth protection with retirement and estate planning can be accomplished with the help of a corporate trustee.
If you are looking for smooth settling of an estate, a corporate trustee can also be beneficial. If you are the personal representative or an executor for an estate and you’re not sure how you’re supposed to handle it, a corporate trustee can assist you with this process. Peace of mind during an incapacitation event is one other reason why you may consider using a corporate trustee.
Most people have concerns about what will happen to them and their assets if they were to become physically or mentally incapacitated. Furthermore, you may have these concerns about another family member such as a mother or father. If you do not have the time to help with an elderly loved one with his or her finances and are worried that they could be taken in by a scam, using a corporate trustee can give you a better sense that someone else is assisting your loved one during this challenging time. Your estate planning attorney can help you formulate the right decision for you.