
Philip GagliardiMarch 18, 2016
We are constantly speaking to our clients about all aspects of financial planning. During our estate planning discussions, two questions come up:
The answer to the first question is usually the same. We would want to get your estate planning attorney involved and if you don’t have one we would be happy to introduce you to a few.
The second question is a little bit trickier. The options are either to have an individual serve as trustee or to name a corporate trustee to serve. There are benefits to both. Each situation is different so it would really depend on what your overall goal of the trust is. If, after reviewing your situation, you and your estate attorney agree that using a corporate trustee makes the most sense, then we can help provide you with a solution.
The purpose of this blog is to explain one of the many benefits that our relationship with Charles Schwab provides and introduce you to Charles Schwab Trust Company of Delaware (CSTCD).
CSTCD’s Administrative Trustee Services, coupled with the relationship you have with Hoover Financial Advisors (HFA), offers you:
Choosing an administrative trustee is an important decision that can have significant advantages for designated beneficiaries. A trustee is responsible for administering trust assets in accordance with the trust agreement. With CSTCD acting as trustee, you benefit from:
Grantor – Selects your chosen independent advisor; hires and names CSTCD as administrative trustee in your trust document.
HFA – Is the primary relationship manager with you and/or your trust beneficiaries and handles all discretionary investment management of trust assets.
Charles Schwab Trust Company of Delaware – Is the administrative trustee and manages the administration of the trust according to the trust instrument.
Schwab Advisor Services™ – Provides services and support to your investment advisor.
You have worked hard to build a solid financial foundation, and you want to be sure that your family will benefit from your legacy, now and in the future. If you have thought about creating a trust for yourself or your family, or if you are currently managing a trust, you may want to consider the advantages of working with an independent investment advisor and Charles Schwab Trust Company of Delaware.
This article covers the highlights of this subject and should not be construed as estate planning advice. For more information, contact our office (610-651-2777). We would be happy to help.