Personal Trust Services
Cornerstone Private Asset Trust Company, LLC provides the services you would expect, with even more flexibility. We provide fiduciary, administrative and record-keeping services for:
- Personal Trusts – including revocable and irrevocable trusts
- Irrevocable Life Insurance Trusts (ILIT)
- Charitable Trusts
- Custodial Trusts
- Asset Protection Trusts
- Dynasty Trusts
- Special Needs Trusts
- Conservatorship Services
- Estate Administration
- Family Office Services – including bill paying, working with medical service providers, leasing of cars and cash management
Read more about our trust services for individuals and corporations:
Personal Trust Services
Trustee
The role of the trustee is to oversee and administer the assets of the trust as directed in the governing trust document. This involves many tasks including:
- Maintain detailed records on all trust activity including the accounting for income and principal transactions
- Provide regular reporting to the trust interested parties
- Review the trust assets to ensure they are invested in assets that meet the needs and objectives of the trust
- Communicate with the beneficiaries , make income payments to beneficiaries, make decisions on discretionary distributions , make payments directly to vendors on behalf of beneficiaries
- Annual review of trust administration and investment activities
- Provide tax reporting and ensure tax returns are filed each year
Asset Management
We feel the investment management piece is critical in providing the parties of a trust with the most effective outcome. Because of this we offer two options for the investment management of trust assets.
Personalized In House Investment Management
We create a custom portfolio to meet the goals and objectives of the trust, trust beneficiaries and the grantor. Our approach is to determine an investment strategy that meets the needs but does not take on excessive risk in doing so. We use third party investment vehicles, not our own in house pooled investment vehicles. In doing so we feel we can use a best of breed approach in the selection of the investments in the portfolio.
Delegated / Directed Investment Management
We are able to delegate or direct the investment management to a trusted advisor. This arrangement allows the advisor to maintain control of the client relationship and continue to manage the clients assets. The advisor is also able to continue operating on their preferred trading platform.