a. The advantages of having a Corporate Executor/Trustee
Specialist in handling estates/Trusts.
No emotional bias.
Impartial – usually free of conflicts of interest with the beneficiary.
Never moves or goes on vacation.
Never dies or gets sick.
b. The disadvantages of having a Corporate Executor/Trustee
Usually little familiarity with family.
Administrative fees may be much higher.
May go out of business or merge with a Trust department you find unsatisfactory.
Often are predisposed to keeping funds under their management, rather than dispensing to beneficiaries who may have genuine needs.
