The definition of a fiduciary: A manager entrusted to control property of another and to act on behalf of and for the benefit of that individual, i.e., trustee or executor.

Deciding who oversees your trust or estate can be a difficult decision. There are multiple benefits to having a corporate fiduciary of your trust or estate.

• A corporation cannot predecease you nor become disabled. Naming a corporate fiduciary of your trust or estate avoids the need to make legal changes if something should happen to your first and alternate Executor(s) or Trustee(s).

• A corporate trustee is also convenient in location, whereas if your family members are not from the area, it could be a burden for them to serve as your executor or trustee.

• Additionally, a corporate fiduciary has the responsibility to treat all beneficiaries equally. No one single beneficiary will be favored over another, and this is especially important if you have children who may not always get along with each other.

This content was provided by Shelby L. Weber, AVP, Estate Administrator at C&N Wealth Management for use by Ashley Miller, SVP, Regional Wealth Management Executive at 814.470.6739. C&N Wealth Management was the Snack Sponsor at Marshall, Parker & Weber’s 30th Professional Update.