Advisor Flipbooks

Trustee Comparison Chart Corporate Individual Experience › Trustee has full-time, experienced personnel devoted to highly complex and time consuming affairs of properly servicing the trust. YES NO › At least one person authorized to act affirmatively is always available to attend to the trust without regard to illness, death, vacation or business trips. YES NO › A break in the continuity of administration and investment supervision is avoided at trustee's death, illness, absence or incapacity. YES NO › Generation after generation of family members can name the trustee in their trust agreements to ensure continuity and consolidation of financial affairs. YES NO Financial Resources › The account is protected in case of embezzlement or loss by the trustee. YES MAYBE › Bank regulatory authorities may periodically subject the trustee's actions to scrutiny, supervision and audit. YES NO › Trustee must meet regulatory capital requirement to back responsibility for the trust funds it holds. YES NO Administrative Capabilities › Trustee is familiar with legal formalities and avoids shortcuts in administrative responsibilities. YES MAYBE › Trustee's experience in administration can relieve individuals of burdensome administrative details. YES MAYBE › Accounting, audit, administrative and investment experience, and facilities of the trustee are constantly at work without additional cost to the trust. YES MAYBE › Trustee possesses knowledge of various income tax and estate tax elections that can be made for the best interests of the trust. YES MAYBE › Trustee has the facilities and experience needed to collect debts, income, accounts receivable and other funds owing to the trust. YES MAYBE Impartiality › Trustee is free from personal bias regarding all decisions related to the trust. YES MAYBE › Trustee acts professionally rather than as a matter of accommodation or personal favor. YES MAYBE Costs › Trustee will act without compensation. NO MAYBE › Trustee must hire legal, investment and tax expertise. NO MAYBE 3

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