Trustee or Agent for the Trustee
If you’ve been named as trustee, Concentra can be retained as agent to assist with the administration of the trust. The duties of a trustee are many and varied. As well, the role carries with it the potential for personal liability in the event of mishandling or errors.
You may wish to consider retaining Concentra to act as agent for the trustee if:
You have no expertise in the handling of a trust and don’t know where to begin.
You do not reside in the province in which the trust will be administered.
You need assistance with a single component of the trust’s administration. For example, appropriate safeguarding of unusual assets.
As your agent, Concentra can provide:
Safeguarding of assets
Professional trustee services backed by over fifty years of experience in estate and trust administration
Investment transactions under your direction
Administration services in accordance with the terms of the trust document
Distribution of assets upon termination of the trust
Reporting of transactions and administration activities
Confidentiality & Privacy
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