When you appoint someone to serve as a trustee, it’s likely because you have full confidence in their personal integrity. But you’re also asking them to take on significant fiduciary, management and administrative responsibility.
A trustee must oversee investment management, reporting, tax preparation, accounting and a range of other duties. It can be a time-consuming role, and one that requires objectivity—which can be especially challenging when decisions are unpopular with beneficiaries.
With support from Bank of America Trust Services, you can still honor your family member or friend with the role of trustee but free them from the day-to-day investment management and administrative responsibilities. You and your trustee can rely on Bank of America Trust Services to:
Bank of America Trust Services offers more than a century’s worth of experience providing trust support for individuals and families. The team serves as a cornerstone in maintaining Bank of America’s high fiduciary standards, bringing you substantial trust expertise and knowledge in trust, tax and legislative considerations.
You’ll know that, even if your trustee isn’t called upon for years, or isn’t able to fulfill the duties when the time comes, there’s a process in place to ensure that your assets are handled as you originally intended.
Whether you’re defining goals, addressing change or figuring out how to move forward, Merrill and Bank of America offer a widge range of solutions to help you take the next step to stay on track.
All our advisors are committed to putting your needs and priorities first.
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