The process of transferring a trust to a new trustee can be efficiently done. This requires all parties providing the required information in a timely manner. Providing the trust document to the trust company provides the road map of how a corporate trustee and trust location (e.g. situs) can be changed.
The Trust Committee reviews the trust document, Beneficiary details and history, and statement of assets to approve the trust.
Advisors manage money and services the client while WATC answers questions/ finds solutions for distribution request while performing other accounting and administrative trust work.