"The Trust department provides very clear and helpful advice"Private individual, Client Service Survey
When creating a trust you may immediately think of family members including yourself to be trustees. However, family and friends are not always willing or appropriate people to administer a family trust.
They may not always be impartial or as independent as they should be, especially when considering who should benefit and when. Or, as creator of the trust, you may not wish to become involved in family politics or relationships and in some circumstances it may not be appropriate for the beneficiaries to become aware of the trust existence at a particular moment in time.
By appointing The B P Collins Trust Corporation as a Professional Trustee, either solely or jointly with yourself or other members of your family, you can be assured that your trust will be administered correctly.
The administration of trusts is becoming more and more complex with legislation dictating compliance issues and imposing duties and responsibilities on trustees. The Corporation utilises our in-house trust team to deal with the day to day administration and have the specialist skills and knowledge that you or other lay trustees are unlikely to possess.
Using The B P Collins Trust Corporation as your trustee avoids the difficulties of dealing with members of the family if a decision is not to their liking. It also ensures a continuing entity in terms of the trusteeship.
The B P Collins Trust Corporation is not affected by individuals dying or leaving their employment here, as it is a separate entity and is also able to act solely as a Trustee.
The Corporation will act impartially and independently offering advice to the family as a whole and ensuring the best interests of all beneficiaries are considered.