Trust corporations – pros and cons

Aims

To examine the pros and cons of using a Trust Corporation as a trustee of a family trust instead of individuals.

Outcome

Participants will be able to decide if it is practicable for their firm to have a Trust Corporation.

Agenda

• What is a trust corporation?
• Formation and regulatory requirements
• Advantages to the firm and clients
• Operational constraints and practicalities
• Trust corporations acting as executors, trustees, attorneys and deputies