As a fiduciary, a trustee is accountable for the overall execution of the creator’s intent in accordance with the governing instrument and law. The duties and responsibilities are quite broad and can be found by opening the “Trustee and/or Successor Trustee Duties” link below. There are situations where the creator of a trust for the benefit of themselves or heirs is faced with the dilemma of having developed a relationship with an investment adviser with whom they have a lot of confidence and, because the investment adviser does not have trust powers or cannot act as trustee, the creator doesn’t feel they can establish a trust without severing the investment adviser relationship. This dilemma is common today where large corporate institutions with trust powers have policies where they will not accept trusts when the responsibilities are split and the investment function is performed by another party. These responsibilities can be bifurcated when the governing instrument is properly drafted by an attorney. Cypress Trust Company respects the wishes of a trust’s creator in these situations and accepts appointments as “administrative trustee only” relationships.

Administrative Trustee Types:

• Delegated
• Directed

Investment Products are:

• Not Insured by the FDIC or Any Federal Government Agency
• Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
• Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested