407 South Warren Street, Syracuse, NY 13202 (315) 422-8769

Cerio Law Offices

Trusts

In order to establish a trust, a trustee must be selected. There are generally two types of trustees:private/family trustees and corporate trustees. A private or family trustee may cost less than a corporate trustee; however, they are not usually bonded or insured. Therefore if a trust is mismanaged, the beneficiary may not recover what was lost. A corporate trustee is usually a financial institution that may be more expensive, and offers little flexibility in responding to the needs of the beneficiary. But a corporate trustee is almost always bonded and insured.
At Cerio Law Offices, we can help you choose a trustee that makes the most sense for you. Contact us today to see what our trusts lawyers can do for you.