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Title: Why Consider a Corporate Trustee in Your Estate Plan

United States, 25th Oct 2025 - Estate planning often begins with conversations about who should inherit your property, savings, and investments. But there’s another critical question that deserves equal attention: Who will manage those assets responsibly and fairly when you’re no longer here to do so?Appointing a trustee is one of the most crucial decisions in the planning process. This person — or organization — oversees investment decisions, prepares tax filings, distributes funds, and ensures your estate’s instructions are honored for years to come. While many families default to choosing a close relative, others look to a professional option: a corporate trustee, such as a bank or trust company.Mark Fishbein of ALTA Estate Services often guides clients through this decision. “People tend to think corporate trustees are only necessary for extremely wealthy families,” he shares. “But when multiple beneficiaries or complex assets are involved, a professional trustee can provide reliability and objectivity that’s hard to match.”If you’re weighing your options, here’s a clearer look at what corporate trustees offer and when they may be the ideal fit.What Does a Corporate Trustee Do?A corporate trustee is a licensed, regulated institution that administers trusts according to legal and fiduciary standards. Their responsibilities typically include:Overseeing investments and asset performanceDistributing funds based on the trust documentManaging taxes, reporting, and complianceRemaining neutral in the event of beneficiary disagreementsIn essence, they serve as a financial steward for your legacy — consistent, impartial, and highly skilled.Key Benefits of Naming a Corporate Trustee 1. Neutrality When Families DisagreeMoney can intensify emotions, especiall...

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