Either when a trust is created or during the lifetime of a trust, the settlors or existing trustees may ask their professional adviser to take on a role as a trustee. The appointment of a professional individual can create problems when that professional dies, retires, loses capacity or moves overseas. Appointing a trust corporation however introduces an enduring professional that can act as trustee, giving stability, consistency and professionalism without losing the personal input of the professional advisers behind the entity who will continue to provide support as required. A trust corporation can take away the administrative burden from the wider body of trustees, and can act as sole trustee if necessary.
This publication looks at the various benefits of appointing Moore Kingston Smith Trust Corporation.