Since 1985 the Trusts and Estates group has actively administered trust accounts for which members of the firm serve as trustees. With the assistance of investment advisors, all trusts receive continuous investment supervision and are reviewed formally at least quarterly. Periodic statements are provided and income tax returns are prepared. In addition, the group represents and advises individual and corporate trustees administering trusts.
We Are Fiduciaries
First and foremost, we adhere to a fiduciary standard. This means that we will put the interest of our clients and beneficiaries first. We are independent and objective -- we receive our fees only from the client and therefore have no incentive to use one product, investment vehicle or strategy over another. Our perspective is that of trustees, with almost a century of history of serving trust clients and beneficiaries.
We Are Client Focused
Our clients are at the core of our trusts and estates practice. Every day we help our clients manage and plan for the most important personal and financial concerns of their lives. Accordingly, when a Shipman & Goodwin lawyer is serving as trustee, that lawyer trustee works with the Firm’s outside professional investment advisors to craft a customized trust investment portfolio based on the client’s needs, desires, risk tolerance, time horizon and value of investable assets. This is crucial to developing the appropriate portfolio, which relies on accurate asset allocation (discussed in detail below). Often, trust clients and their families have been clients of our Firm for years. We have known them for generations. Only with such a full and deep understanding of our clients and their families can a trust be properly administered, including the development of an optimal portfolio.
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