Have you considered a corporate trustee for your estate?
A corporate trustee, like Central Pacific Bank, can be an ideal choice in such situations because we are a neutral party with no emotional ties or biases toward any beneficiaries.
“There are so many reasons why people should consider naming a corporate trustee instead of a family member for their personal trust. It’s something we’ve all heard about or experienced directly. After someone passes away or becomes incapacitated, family fights break out, things get messy and relationships are never the same.
A corporate trustee, like Central Pacific Bank, can be an ideal choice in such situations because we are a neutral party with no emotional ties or biases toward any beneficiaries.
If you’re like most people, you’ve named your spouse or a close family member as your successor trustee. Even if they are willing to help you, however, they may not know what needs to be done when the time comes. Your successor trustee must handle various financial matters, such as paying bills, filing tax returns, dealing with real property and other investments, and managing business interests.
This is where a corporate trustee like CPB shines. You can rest assured that our team brings a wealth of experience and resources to ensure your affairs will be handled effectively and efficiently.
Lisa Tellio | Photo: courtesy of Central Pacific Bank
Unlike the larger financial institutions in Hawaii, CPB has a boutique Trust Department. We have lower account minimums, which means we are here to serve more local families. While we always do our due diligence, we can be more flexible as the situation demands.
By serving as trustee, we play a critical role in carrying out the wishes of our clients. It is extremely rewarding to help families in this way.”
“You can rest assured that our team brings a wealth of experience and resources to ensure your affairs will be handled effectively and efficiently.”
-Lisa Y. Tellio, JD, CTFA CPB Vice President, Fiduciary Trust Manager
