Trustee Services

Your Best Interest

Trustee Services
The Highest Standard of Care

We leverage our experience and expertise as corporate trustees to assist clients with their fiduciary duties.

Fiduciary Responsibilities & Duties

We currently serve as trustee or co-trustee for approximately 20% of the total assets we oversee  and are a named successor trustee for many clients. Fiduciary responsibility involves the highest standard of care and duty of loyalty to act prudently and in the best interest of beneficiaries.

Trustee Services Graphic
  • Understand the Rules
    • Invest trust assets appropriately and according to the terms of the trust document and relevant state law
    • Educate trustees/co-trustee on roles and responsibilities
  • Follow a Process
    • Properly account for principal and income
    • Coordinate with investment managers, tax accountants and attorneys
    • Provide mandatory and discretionary distributions to beneficiaries
    • Set an investment policy
  • Ongoing Maintenance
    • Perform recordkeeping and documentation
    • Assist with tax issues
    • Appropriately inform beneficiaries according to statutory requirements

Forbes
Trustee Services

How To Be An Effective Trustee

There’s an adage that the two best days in a boat owner’s life are the day they buy their boat and the day they sell it. A similar notion applies...
John M. Jennings, JD
John M. Jennings, JDPresident and Chief Strategist of St. Louis Trust & Family Office
Forbes
Trustee Services

How to Use Irrevocable Gift Trusts to Take Advantage of Your Estate and Gift Tax Exemptions

Before the presidential election, many wealthy taxpayers were worried that a “blue wave” would mean a reduction of their $11.58 million estate, gift, and generation-skipping transfer tax exemption. That’s because the Democrats were expected to propose lowering those exemptions back down to the $3.5 million to $5 million range they were before President Trump signed the 2017 Tax Cut and Jobs Act.
John M. Jennings, JD
John M. Jennings, JDPresident and Chief Strategist of St. Louis Trust & Family Office
Family Office

Private: Some (Usually) Misguided Planning Strategies

In my 20+ years advising families of wealth, I have noticed some common financial and estate planning strategies that often create problems over time. These strategies (or lack thereof) are often undertaken with the best of intentions...
John M. Jennings, JD
John M. Jennings, JDPresident and Chief Strategist of St. Louis Trust & Family Office