Trust Administration
Independent trust administration, tailored to your planning objectives.
Serving as trustee involves far more than safeguarding assets. An independent trustee is responsible for administering the trust in accordance with its governing documents, applicable law, and fiduciary standards while balancing the interests of current and future beneficiaries. Bridgeford Trust Company provides comprehensive trust administration services for a wide variety of trusts, working collaboratively with clients and their advisors to deliver responsive, professional administration.
Trust Administration Services
Comprehensive Administration
Core Trustee Responsibilities
Administration
Bridgeford offers full corporate trustee services, performing trust administrative functions in accordance with governing documents and prevailing fiduciary standards, including:
- Recordkeeping & Trust Accounting
- Custodial & Subcustodial Services
- Income & Principal Distributions
- Non-Traditional Trust Assets (closely held stock, real estate, partnerships, etc.)
- Prudent Discretionary Distribution of Trust Assets to Beneficiaries
- Individual & Fiduciary Tax Coordination, Reporting, and Review
- Beneficiary & Advisor Communication
Specialized Services
Leveraging South Dakota’s progressive trust laws, Bridgeford also provides a full range of specialized third-party fiduciary services, including:
- Asset Protection Trusts
- Privacy Trust Laws
- Directed Trusts
- Dynasty Trusts
- Business Trusts
- Special Needs Trusts
- Purpose Trusts
- Community Property Trusts (Special Spousal Trusts)
- Trust Agency
- White Label/Private Label Trust Services
- Irrevocable Life Insurance Trusts
- State & Federal Tax Planning
- Insurance Premium Tax Planning
Trustee Selection
Why an Independent Trustee?
Selecting an independent corporate trustee provides continuity, objectivity, and professional administration throughout the life of a trust. Unlike an individual trustee, a corporate trustee offers long-term stability and fiduciary oversight that is not affected by changes in personal circumstances.
Bridgeford combines the experience and resources of an established South Dakota trust company with the responsiveness and personalized service of an independent fiduciary. Working collaboratively with clients and their trusted advisors, we leverage South Dakota’s progressive trust laws to create flexible fiduciary solutions that preserve direction, control, and long-standing advisor relationships.
Individual v. Corporate Trustee: A New Paradigm in Modern Trust Law →
Questions About Trust Administration?
If you would like to learn more about trust administration or explore the planning opportunities available under South Dakota trust law, reach out to us through our contact form or call us at (605) 224-9189.
