Trustee Services
What it means to be a fiduciary
Many families of substantial means employ a variety of trusts as a component of their comprehensive wealth management. We recognize the value that an experienced and knowledgeable trustee—always serving with fiduciary care and responsibility—brings to the goals of their wealth planning.
Through CIBC National Trust Company, we have authority to serve as a professional trustee throughout the country. This authority provides us with the flexibility to serve our clients regardless of where they live in the U.S. and establish their trusts, and no matter where their children or grandchildren relocate.
Additionally, when our clients’ wealth planning calls for the trust benefits afforded by Delaware law, we have the ability, through the CIBC Delaware Trust Company, to meet those special planning needs. For generations, Delaware has built a trust-friendly body of legislation and has supported its laws with a knowledgeable and effective court structure. Unlike many jurisdictions that are newer to the trust scene, Delaware boasts a robust community of seasoned trust professionals, along with accountants and attorneys who specialize in trusts.
Why CIBC Private Wealth as trustee
Clients who select our firm to serve as trustee, co-trustee or successor trustee of their trusts can count on expertise and capabilities as well as stability and strength. This stability is especially helpful for multi-generational planning, where continuity in trust administration is so important. Our guiding principle is to understand the intention of the creator of the trust in providing for the trust beneficiaries as expressed in the trust agreement and to fulfill that intention.
Trustee responsibilities
Asset management
- Actively manage a trust’s liquid assets to carry out the trust’s long-term goals.
- Provide fiduciary expertise in the oversight of illiquid assets, such as real estate, business interests and other unique assets
Trust administration
- Interpret and carry out the stated intentions of the creator of the trust
- Balance the often competing interests of multiple beneficiaries
- Objectively and equitably avoid and resolve conflicts among beneficiaries without bias or undue emotion
Accounting & tax reporting
- Maintain trust accounting systems
- Provide proper record keeping and reporting to beneficiaries and taxing authorities
Privately held investments
- Stabilize assets, manage portfolios and confer sales and leasing for real estate
- Oversee third-party business valuation, succession planning, asset acquisition and sale support for closely held assets
- Assess market conditions and effectively position your holdings in the current environment for mineral rights and natural resources
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