Professional Trustee
Managing a trust can be a complex task. A Professional Trustee is a person or institution hired to manage at personal Trust.
Individual trustees may have or develop conflicts with siblings making it difficult to act out their duty as appointed trustee. Additionally, the chosen trustee may act dishonestly or to their own benefit (self-dealing) and to the detriment of the other trust beneficiaries.
Balancing the income needs of a current beneficiary with the requirement to preserve the capital for future, or contingent, beneficiaries requires knowledge of sound, conservative investment practices. In addition, annual fiduciary returns must be filed for the trust. Individuals often face other commitments or may become disabled or die, leaving the management of the trust in limbo for an extended period of time. It may make sense to hire financial professionals to manage your trust. Sommer & Associates has the experience and expertise in managing personal trusts. Please contact us for your confidential consultation.
Individual trustees may have or develop conflicts with siblings making it difficult to act out their duty as appointed trustee. Additionally, the chosen trustee may act dishonestly or to their own benefit (self-dealing) and to the detriment of the other trust beneficiaries.
Balancing the income needs of a current beneficiary with the requirement to preserve the capital for future, or contingent, beneficiaries requires knowledge of sound, conservative investment practices. In addition, annual fiduciary returns must be filed for the trust. Individuals often face other commitments or may become disabled or die, leaving the management of the trust in limbo for an extended period of time. It may make sense to hire financial professionals to manage your trust. Sommer & Associates has the experience and expertise in managing personal trusts. Please contact us for your confidential consultation.
Sommer & Associates, 92 State Street, Second Floor | Boston, MA 02109
Phone: 617~227~3555 Fax: 617~367~3424
Phone: 617~227~3555 Fax: 617~367~3424