7 Situations for Using a Corporate Trustee when Creating a CA Trust

Despite the expense that is associated with appointing a corporate trustee, there are many situations in which this is a good choice for your Anaheim estate plan. During your lifetime, you may be the trustee of your revocable living trustee. After your passing, however, your trust may be irrevocable and will need to be administered by someone who is knowledgeable and responsible. Appointing a corporate trustee is appropriate in many circumstances. These may include the following:

  1. If you do not have someone in your life that you trust to serve as trustee after you pass away.
  2. If you are concerned about your beneficiaries not getting along with appointed trustees.
  3. If your trust is complex or involves tax planning, requiring a knowledgeable trustee.
  4. If you want to name two co-trustees, one who is a personal or family trustee, and one who is a corporate trustee.
  5. If all of your trusted friends and relatives live far away.
  6. If your estate is complex and requires a great deal of time and resources to administer.
  7. If you are concerned about creditor protection and must limit your beneficiary’s ability to access trust assets.

Understanding whether to use a corporate trustee requires the knowledge of a legal professional. Fortunately, the experienced Orange County estate planning attorneys at the Law Office of James F. Roberts & Associates, APC can help you assess the pros and cons of using a corporate trustee for your trust. Call our office today at (714) 459-5481 for a consultation.

James F. Roberts
Founder and owner of the Law Office of James F. Roberts and Associates, a premiere estate planning law firm
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