Many banks and investment firms have trust companies which can act as Trustees. If there is a request for the Trust to make a distribution the Trustees must approve it and ensure that it is following the terms of the trust and the beneficiaries. Having had personal experience with this type of structure I can attest to their diligence. It is also possible to have co-trustees who are family members or friends and can act in concert with the co-trustees.
Wednesday, August 06, 2008
Protecting the Elderly and their Assets
Alexandra Lebenthal (you know, Alexandra and James) plugs trust companies in this post on the New York Social Diary:
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