The Heaphy Group 413.736.8805

Private Independent Trustee

SELECTING YOUR TRUSTEE

trusteeship

Many prefer a family member as trustee, but it's also a good idea to include a professional. An inexperienced trustee can make management of the trust more complicated and burdensome than it needs to be. It's highly unlikely that an inexperienced trustee will have knowledge of current laws (which have changed dramatically in Massachusetts in the past few years), and an inexperienced trustee can subject the trust or beneficiary to undue and unnecessary costs.

Family members often lack objectivity due to emotional involvement, rarely have the technical experience that is necessary, and are commonly unprepared for the amount of work that can be involved in administering a trust on their own.

A corporate or private trustee brings experience, expertise, and objectivity to trusteeship. A corporate or private trustee may also offer cost savings by providing many required services that family members working on their own would otherwise need to source from third-parties, e.g.; bookkeeping, taxation, investment advice, legal.

Limitations of Corporate Trusteeship
The often extreme impersonal nature of corporate trusteeship can lead to frustration, lack of understanding, and a poor overall experience. Working with a corporation as trustee can have profound disadvantages- staff can change, responsibilities can be relegated to members of staff that are unfamiliar with your circumstances, and genuine care can be diluted.

PRIVATE INDEPENDENT TRUSTEE & FAMILY ADVISOR

As a highly experienced and respected private independent trustee and family advisor, Heaphy Trust Group possesses the knowledge, experience and resources required for successful trusteeship or co-trusteeship, we offer objectivity and expertise, and above all we take the time to get to know you and become familiar with your needs and goals.

As a family firm, we provide the warm personalized service and understanding of family dynamics that a corporate trustee may lack. At Heaphy Trust Group, you will never be passed around around from one faceless employee to another.

In our role as private independent trustee and family advisor, Heaphy Trust Group is the best option for many. Privacy and confidentiality are paramount. We pride ourselves on our respect for the individual, and human dignity can be found at the core of our philosophy.

REQUEST FURTHER INFORMATION

Arm yourself with the facts about private independent trusteeship. Call us at 413.736.8805, or complete and submit your request below.

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NOTES

DISCLOSURES: Investment advisory services provided through Heaphy Investments, LLC. Heaphy Investments, LLC is an investment adviser registered with the Commonwealth of Massachusetts. You should not assume that any discussion or information contained in this website serves as the receipt of, or as a substitute for, personalized investment advice from Heaphy Investments, LLC. It is published solely for informational purposes and is not to be construed as a solicitation nor does it constitute advice, investment or otherwise. To the extent that a reader has questions regarding the applicability of any specific issue discussed herein to their individual situation, they are encouraged to consult with the professional advisor of their choosing. A copy of our written disclosure statement regarding our advisory services and fees is available upon request. Our comments are an expression of opinion. While we believe our statements to be true, they always depend on the reliability of our own credible sources. Past performance is no guarantee of future returns.

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