The trustee can also be a
bank trust department, which can be expensive but is a good option for an elderly person with substantial resources but no individual to serve as the trustee.
According to its latest 13F filing with the Securities and Exchange Commission (SEC), MB Financial
Bank Trust Department increased its stake in Gilead Sciences, Inc.
We frequently counsel clients to name someone else--a
bank trust department, a trusted professional, or a different family member--as trustee.
After the Army, he worked nights at Shakers Pizza Parlor and days at Worthen
Bank Trust department while Judy taught 12th grade at North Little Rock High School.
Finally, and presumably because of resource limitations, federal and state bank regulators have emphasized the commercial operations of banks in their examination activities, as opposed to
bank trust department operations where most employee benefit plan assets are held and where most abusive practices relating to employee benefit plans occur.
A Chartered Financial Analyst, Redman got his start as a portfolio manager with a
bank trust department. Later he helped run geoPLUS Corp., a software company serving the gas and oil industry.
Setting up a Custodial Trust Agreement with a medical claim paying service eliminates the high minimum fees of a
bank trust department.
The restatement imposes standards of care that a trustee must observe in selecting and supervising agents and in determining the scope of delegation.[11] While a trustee may engage an advisor such as a
bank trust department, it can be argued that the trustee may not delegate the entire investment function.[12] The trustee has a duty of due diligence to investigate the proposed manager.
After your death, he says, "He or she probably will be too distraught to act effectively." Antonini also recommends that you skip having a corporate entity, such as a
bank trust department, take on the role.
Types of clients: Closely held businesses;
bank trust department; wealthy individuals.
Conversely, a small
bank trust department handling mostly small portfolios may lack the resources necessary to direct a larger or more complex trust.
Marvin Abeene, senior vice president, trust officer, and manager of the Commercial
Bank trust department described the Combined Capital Trust.
