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Drafting Trust Agreements With a Corporate Trustee in Mind

Proactively reassess boilerplate language.
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An elemental part of the trust creation process is selecting the trustee. Though many settlors initially consider appointing an individual, the benefits of a corporate trustee (CT) including significant experience, investment expertise, consistency, objectivity and a well-established back office to perform common administrative tasks are well known.1 Banks and trust companies have the financial stability to make a trust whole in the event of an error, whereas individual trustees

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