So, some considerations you should think about when choosing the right corporate trustee would be: Does the corporate trustee you’re thinking of have a relationship with you currently? For instance, does the bank that you work with, the bank officer that you work with, have trust powers? Not all financial institutions have bank trust powers. So, for instance, many clients want to name their broker as a corporate fiduciary, and they can’t always serve in that capacity. So, you need to confirm that the institution you’re thinking about actually has trust powers. You might also want to think about whether the financial institution has the full array of banking powers that you want available to the beneficiary. For instance, can they service mortgages and make loans? Not all financial institutions that serve as trustee can do that. And, finally, I always recommend that you consider allowing the beneficiary or somebody else involved with the family to be able to change the corporate fiduciary from time to time. A corporate fiduciary is only as good as the individual trust officer servicing the account, and trust officers move, so the beneficiary – if the beneficiary has a good working relationship with the trust officer – might want to follow that trust officer to another corporate location. And, financial institutions change by virtue of mergers and sales, and the service that is provided from a new merged bank may not be the same as the original corporate fiduciary that was chosen.