Is it possible to appoint a corporate trustee?

Yes, you can appoint a corporate trustee for a fee. A bank or trust company can serve as administrator of your estate. They usually charge a percentage fee on the basis of the size of your estate. The fee can be a maximum of 1.5 percent of the value of your estate.

However, while a corporate trustee may be adept at handling the financial aspects of your estate, they are frequently unfamiliar with the family dynamics, and the needs of the beneficiaries. You may prefer to designate someone who is more knowledgeable about your family history. The person you choose can then hire a lawyer or accountant to handle any complex financial matters relevant to your estate.

Other Frequently Asked Questions:


We proudly serve clients throughout California. We are pleased to offer free consultations in all the areas of law that we practice. Set up a time to meet with us to learn how we might be able to help you take care of your estate planning, business and asset protection needs.