A corporate trustee is a bank trust department or a trust company that specializes in managing trusts. They can manage your trust for you now, if you become disabled, and/or after you die according to your instructions — they can buy and sell assets, handle required paperwork, maintain accurate records, and distribute income and assets as your trust directs. Sometimes family and friends are not always a good choice to be involved with your trust. Or, you may have no one you can trust to take care of your financial affairs for you. Under such circumstances, a corporate trustee may be appropriate.
