How to Appoint Hightower Trust Company as Trustee or Agent

If your client would like to appoint Hightower Trust Company as trustee or agent, their Hightower advisor can facilitate an introduction to Hightower Trust Company, who will work with you to help you determine if Hightower’s trustee services are a good fit for your client’s needs. You and/or your client should be prepared to discuss or provide:

• Your client’s estate planning objectives and any documents or drafts that they have
• Statements and relevant documents pertaining to assets that your client currently holds in their trust or anticipates holding in their trust
• Names, relationships, citizenship and countries of residence of beneficiaries and other interested parties
• Recent history or pattern of trust distributions
• Recent trust tax returns and all related estate and gift tax returns
• Unique circumstances that may be relevant to trust administration, such as family dynamics, beneficiary issues, special needs, litigation, business or investment liquidity events, etc.

Following our initial review of your client’s documents and other information, we will guide you and your client through the necessary steps to appoint Hightower Trust Company as trustee or agent.

Guidelines for Drafting and Approval of Trusts

Prior to acceptance of the appointment to serve as trustee or agent, Hightower Trust Company will review each trust to ensure that we are able and willing to administer the trust and its assets in accordance with the terms of the trust. To facilitate a smooth review and acceptance process, Hightower Trust Company suggests that you incorporate our standard trust provisions or substantially similar language in the trust prior to submitting the trust for review and approval.

Download our standard trust provisions here:

Standard Trust Provisions CORPORATE TRUSTEE Delaware Standard Trust Provisions CORPORATE TRUSTEE Texas Standard Trust Provisions DIRECTED TRUSTEE Delaware

Overview
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Learn about Trusts:
- How a Trust Works
- Why Use a Corporate Trustee?

For Attorneys:
- Attorney Overview
- How to Appoint Hightower
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Securities offered through Hightower Securities, LLC, Member FINRA/SIPC, Hightower Advisors, LLC is a SEC registered investment adviser. brokercheck.finra.org
©2024 Hightower Advisors. All Rights Reserved.

Trust and agency services are provided by Hightower Trust Company, National Association (“Hightower Trust Company”), a wholly owned subsidiary of Hightower Holding, LLC, and an affiliate of Hightower Securities, LLC, Member FINRA/SIPC, and Hightower Advisors, LLC (“Adviser”), an SEC registered investment adviser. Registration as an investment adviser does not imply a certain level of skill or training. In certain circumstances, Hightower Trust Company delegates investment management authority to the Adviser. The Adviser receives an investment management fee that is part of the overall trustee fee that is charged by HighTower Trust Company. All securities transactions are processed through registered brokers that are monitored by Hightower Trust Company. The Adviser may earn or accept “soft dollars” commissions on client related transactions in line with Adviser’s policies and procedures and within accepted safe harbor uses such as research services which is believed to benefit client portfolios. Hightower Trust Company relies on Adviser for several administrative services and Adviser is reimbursed for actual costs and for services.

This material contains general information and opinions that were prepared by Hightower Trust Company, and is not intended, nor should it be construed, as tax, investment, or legal advice. This material does not take into account the particular investment objectives, financial situation, or needs of an individual client.

Hightower Trust Company and its affiliates make no representations or warranties, express or implied, as to the accuracy or completeness of the information or for statements or errors or omissions, or results obtained from the use of this information. Hightower Trust Company and its affiliates assume no liability for any action taken in reliance on or relating in any way to the information.

Unless otherwise specified, products purchased from or held by Hightower Trust Company are not insured by the FDIC or any other federal or state government agency, are not deposits or other obligations of Hightower Trust Company and are not guaranteed by Hightower Trust Company or any of its affiliates.

Investing involves risk, including the possible loss of principal. Past performance is no guarantee of future results, and no investment or financial planning strategy can guarantee profit or protection.