FIDUCIARY TRUST SOLUTIONS

Corporate trustee

Administering a trust and managing its investments are significant and time-consuming responsibilities. Although you may have a friend or family member in mind for the role—someone of the highest personal integrity in whom you have full confidence—you might benefit from hiring a corporate trustee in support of, or even instead of, that person.

When you use Bank of America corporate trustee services, your trust will benefit from our expertise in both investment management and trust administration responsibilities. You’ll know that your legacy is being overseen by professionals who are held to the highest fiduciary standard —which means they have a duty to act in the sole interest of you and your beneficiaries.

 

Bank of America corporate trustee services can provide you with a high degree of confidence that:

 
  • Your friend or family member doesn’t feel overburdened with the sole responsibility of managing your trust.
  • Your trust is overseen by one group of experts who take a comprehensive view of all aspects of your legacy, with your best interests in mind.
  • You can rely on the permanence and continuity of a firm that has managed trusts for individuals and families for 120 years.

As your corporate trustee, Bank of America can:

 
  • Provide investment advice and manage assets.
  • Pay bills.
  • Help balance competing interests of beneficiaries.
  • Make discretionary distributions to beneficiaries.
  • Maintain the records required to report on principal, income and performance.
  • Prepare and file tax returns.

Whether you rely on Bank of American corporate trustee services alone or to support a trusted family member or friend, you’ll know that there’s a process in place to oversee your legacy for generations to come.

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Investing involves risk. There is always the potential of losing money when you invest in securities.

Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.

Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary.  

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.

Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation.

Trust, fiduciary and investment management services are provided by Bank of America, N.A. and its agents, Member FDIC, or U.S. Trust Company of Delaware. Both are wholly-owned subsidiaries of Bank of America Corporation.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

Investment, insurance and annuity products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity
© Bank of America Corporation. All rights reserved.
3604602-EXP-2023-04-26
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