One of the most important decisions the grantor or settlor of a proposed trust must make is the selection of a trustee. The article from The Wall Street Journal following the link below summarizes a few of the pros and cons to naming an individual, a corporate fiduciary, or a combination of the two to administer the trust estate. Houston Trust Company brings not only the experience, resources, and professionalism of trusteeship to every appointment, but we also demonstrate compassion for the needs of the families we serve. We believe all of these qualities absolutely essential to effective stewardship of multigenerational wealth and its efficient event-driven transition for successive beneficiaries.
As estate planning for families with significant assets has become increasingly complex, trust and estate practitioners often lapse into jargon which can lead to a high level of confusion and even frustration. The link below is to an amusing, yet informative article, which summarizes many of the various types of trusts available which can protect assets from creditors or shield them from taxes. Our highly experienced team of trust professionals works closely with our clients’ legal and accounting advisors to insure that their trust vehicles are clearly understood and appropriate for their unique needs and circumstances.