what every financial professional should know about private trustees

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What Every Financial Professional Should Know about Private Trustees by Alexandra McIntyre PrivateTrusteeServices.com

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What Every Financial Professional Should Know about Private Trustees

by Alexandra McIntyrePrivateTrusteeServices.com

The Responsibilities of the Successor TrusteeStep in and take over many day-to-day functions including

✓ Sorting out bank accounts

✓ Reconciling checking or investment accounts

✓ Paying bills

✓ Managing any professional relationships

✓ Handling any issues related to basic self care and healthcare

Choosing a Successor TrusteeCorporate, private, or family member?

What Does a Private Trustee Do?

✓ Inventory and safeguard assets

✓ Secure personal property

✓ Collect income and pay obligations

✓ Daily money management & bill pay

✓ Bookkeeping and reporting

✓ Record keeping and organization

✓ Meet with attorneys and accountants

✓ Gather information for tax filing

✓ Prudently manage trust assets

✓ Confer with brokers re: investments

✓ Communicate with beneficiaries

✓ Keep accurate records of all activities

Answer: General Trust Administration, including the following

What Does a Private Trustee Do?

✓ Inventory and safeguard assets

✓ Secure personal property

✓ Collect income and pay obligations

✓ Daily money management and bill pay

✓ Bookkeeping and reporting

✓ Record keeping and organization

✓ Meet with attorneys and accountants

✓ Gather information for tax filing

✓ Prudently manage trust assets

✓ Confer with brokers re: investments

✓ Communicate with beneficiaries

✓ Keep accurate records of all activities

Answer: General Trust Administration, including the following

What Makes a Good Private Trustee?

✓ Honest, trustworthy & unbiased

✓ Conscientious

✓ Available to serve as trustee

✓ Able to do the work

✓ Professional orientation

✓ A good listener & communicator

Answer: Some important qualities you’ll want to look for

✓ Organized

✓ Detail oriented

✓ Keeps good records

✓ Savvy about investments

✓ Able to resolve conflicts

✓ Good problem solver

Advantages of Hiring a Private TrusteePersonalized Services• They hire the person who manages their daily affairs• Comfort of regularly working with same person one-on-one• Can customize services to fit client’s needs

Unlimited Choices• Free to choose best investment or healthcare options• Access to wide range of resources for clients• Not bound by allegiances to specific companies or products

Flexible• Able to respond to emergencies in a moment’s notice• Can move quickly to arrange for care• Marshal resources and contact advisors and beneficiaries

How to Select Private Trustee

…more questions in brochure

What type of services do you provide?

Are you insured for errors and omissions?

What credentials do you have?

What are your office and telephone hours?

If there is an emergency after hours, how do I reach you?

How is my confidential information protected?

What happens to me if something happens to you?

Alexandra McIntyrewww.PrivateTrusteeServices.com

15501 G San Pablo Ave., No. 323Richmond, CA 94806

email: [email protected]

cell: (415) 527-0085