Why Use a Corporate Trustee?

There are many reasons why wealthy families choose to engage the services of a corporate trustee. If any of the following are important to you, Hightower Trust Company can help:

Family dynamics

It can be challenging for even the closest families to manage emotions when a loved one becomes incapacitated or passes away. When one family member is named as trustee, family relationships are often strained if others feel less favored or left out, and the family member serving may feel burdened by the role. Hightower Trust Company can remove that dynamic to help preserve harmony in your family.

Blended families

Balancing the needs of your surviving spouse with your desire to leave assets to your children can be challenging, as your loved ones are likely to have unforeseen and often competing needs. When either your spouse or your children serve in the role of trustee, the needs of the person serving can be prioritized intentionally or unintentionally above the needs the other. Hightower Trust Company has the fiduciary duty to consider the needs of all beneficiaries objectively and to act impartially according to the terms of your trust.

Complex situations

If you have accumulated significant wealth, your assets may have management, legal or tax needs that are outside the expertise of your family members, or your family members may not have the time to take on significant additional responsibilities. Hightower Trust Company has the resources, experience and expertise to manage your assets professionally so your family can enjoy the benefits of your trust without the management burden.

Asset protection

When an individual serving as trustee is also a beneficiary of your trust, divorcing spouses and creditors may be able to access trust assets more easily by arguing that the trust assets are under the beneficiary’s control. When Hightower Trust Company is given appropriate discretion, it is much more difficult for litigants to access the assets of your trust.

Tax savings

Certain types of trusts require that someone other than the grantor or beneficiaries serves as trustee of the trust in order to take advantage of favorable tax laws. Appointing Hightower Trust Company as trustee can help ensure that the tax objectives of your trust are preserved, often resulting in substantial savings that is ultimately passed on to your beneficiaries.

Continuity

You’ve spent a lifetime building, managing and investing your wealth, and you’re hoping to leave a legacy that will benefit generations to come. Hightower Trust Company can serve beyond the current generation, helping to fulfill your legacy for the duration of the trust.

Overview
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- Getting Started

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

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- 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
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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.