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The High Cost of a Corporate Trustee

Author: Jacob Stein • Tags: asset protection, corporate trustee, trust • Posted on: Aug 02, 2011

A corporate trustee is a bank or a licensed trust company that provides trustee services on a professional basis.  A corporate trustee may be as large as the trust department of Bank of America or the Northern Trust Company, or a little organization you have never heard of.  All corporate trustees charge for their services.  Some on a flat fee basis, some as a percentage of assets under management.  How much a trustee will charge depends on what it is required to do under the trust agreement.

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RobbReport.com speaks with asset protection specialist Jacob Stein of Klueger & Stein, LLP in Los Angeles about the importance of protecting valuable assets, such as your private residence, rental real estate, investments and retirement plans.