Prior to signing on as Trustee of your client’s trust, you should be mindful to:

  • Ask the right questions ahead of time.
  • Perform a solvency analysis to avoid fraudulent transfers.
  • Ensure that the client has a clear understanding of your duties as Trustee.
  • Establish a consistent process for making discretionary distributions to the beneficiaries.

Click on the following link to read more about Commonwealth’s perspective regarding Domestic Asset Protection Planning.

If you have questions, please do not hesitate to reach out directly to our President, Cynthia D.M. Brown, or a member of our Business Development Group at 302.658.7214 or businessdevelopment@comtrst.com.