what trust companies offer
trust companies offer a variety of services including the daily operational tasks for managing the trust also there are many types of trusts that can use trust companies as a trustee such as charitable trusts trust companies are also used in estate planning matters a trust company can be left as a successor trustee for a trust when there are no financially responsible family members upon the death of the grantor the trust company will become the new trustee and manage the assets according to the terms of the trust trust companies also offer a variety of estate oriented services such as guardianship estate settlement and non financial asset management benefits of a trust companya trust company is hired to act as a fiduciary meaning they act on your behalf and won t take advantage of you as a result a trust company can make all of the investment decisions and act in the best interest of its client the investment management services offered by trust companies can be helpful to those who are not experienced or knowledgeable about the financial markets also clients who don t want or care to manage their day to day finances can also benefit from using a trust company trust companies are often good alternatives for preventing future family squabbles when dealing with inheritances and estate planning if dividing up the assets of an estate will cause family turmoil a trust company can act as a neutral third party 