Deciding who will assume responsibility for your family and financial affairs if you cannot do it yourself is one of the most difficult and personal decisions you will ever make. Determining whether an individual or institution will act as your fiduciary is the first or an early step in financial or estate planning. Furthermore, may well be one of the most important. The benefits of naming a corporate institution as your executor and trustee, often ensures that the administration of your estate or your family’s trusts is handled with the technical expertise and sensitivity to family issues.
What We Offer
Latimer & Latimer P.C. offers a complete array of trust services. Including, acting as executor of an estate, administrative trustee, full trustee, trustee of charitable remainder or foundation trusts, as well as trustee of life insurance trusts, Rollover IRA accounts, Dynastic Trusts and Asset Protection Trusts. Our staff of fiduciary experts has extensive, in-depth experience administering sophisticated trusts and estates including non-traditional fiduciary assets such as real estate interests. Not to mention, operating business interests, partnerships, oil and gas interests, or alternative investments. Unlike some corporate fiduciaries, we do not feel obligated to sell such assets immediately. Instead, we use the advantage of our experience and resources to determine how to best maximize value for the family, even if it means continuing to hold such assets in trust.
Our actions as a fiduciary are predicated on always acting in your and your family’s best interests. We believe a corporate fiduciary can do so only if it remains objective and avoids any potential conflict of interest. We do not invest client funds in proprietary investment products.
We believe that proprietary product investing raises, at a minimum, the perception that the investment benefits the corporate fiduciary individually to the detriment of the trust beneficiaries.
Our Texas situs provides the benefits of a trust jurisdiction that is forward thinking, innovative and respected in fiduciary and investment matters. Moreover, Texas has a nationally respected judicial system known for corporate and trust oversight, and a well developed body of case law governing trust administration and corporate matters. Our Texas situs allows an individual to create trusts having a perpetual duration, asset protection capability, flexibility in financial planning and investment management, as well as favorable tax treatment by eliminating or reducing state fiduciary income tax under some circumstances.
To enable families to achieve their philanthropic vision, New York Private Trust Company alleviates administrative burdens and barriers through a comprehensive array of services, including:
- Create / restructure organizational governance
- Documentation and Federal / State filings
- Investment Consulting
- Asset Allocation
- Manager Selection
- Performance monitoring and reporting
- Ongoing grant administration and disbursement
- Custody and asset reporting
- Tax planning and preparation
We welcome the opportunity to work with you and your advisors in exploring ways in which Latimer & Latimer’s team of fiduciary experts can assist you in reaching the right decision for you and your family.