One of the more important decisions when setting up a trust is deciding who will actually administer it. Sometimes a family member is well suited to the role, but if not, there are reasons to consider a corporate trustee instead: no relative able or willing to take it on, complex assets that call for professional management, concern about future incapacity, or a blended family where a neutral party can help reduce friction. A corporate trustee is simply an institution, not an individual, that takes on the legal responsibility of managing a trust's assets and carrying out its terms.
Choosing a Corporate Trustee: Why Separation of Duties Can Protect Your Family