Alex Lyden, Chief Fiduciary Officer and Trust Counsel at Evercore Trust Company, explains the critical role corporate trustees can play in estate planning. He dispels common misconceptions and outlines how a corporate trustee can provide stability, objectivity, and expertise in managing complex family assets and dynamics.
Key Highlights
- Continuity and Oversight: Corporate trustees ensure consistent management of assets, tax filings, and distributions—even in the event of incapacity or trustee changes.
- Objectivity and Expertise: They offer professional guidance while easing the burden on personal trustees and navigating sensitive family matters.
- Flexibility and Asset Management: Able to manage diverse holdings—including family businesses, real estate, and unique assets—while allowing for removal and replacement when needed.
