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Trust & Will's Groundbreaking Launch: The Trust Company

In a significant advancement for the world of estate planning, Trust & Will has introduced the Trust & Will Trust Company, marking itself as a Nevada-chartered retail trust company. This strategic move allows Trust & Will, long acknowledged as a leader in online estate planning, to take on the role of a regulated corporate fiduciary, thus enhancing the services available to families across America. For nearly ten years, Trust & Will has supported over a million families in initiating their estate plans, but now they are empowered to act as the professional fiduciary, executing the estate plans they facilitated.

The Need for Professional Trustees

Traditionally, appointing a corporate trustee has been limited to wealthier families due to high account minimums set by conventional banks and trust companies. These organizations often focus on extensive trust administration instead of assisting with trust management after an individual’s passing. As a result, many families turn to friends or relatives for these responsibilities. This frequently leads to confusion and disputes among beneficiaries, especially when they are not adequately trained to handle such intricate processes. The Trust & Will Trust Company aims to mitigate these issues by providing accessible and professional services for all families, regardless of their estate's size.

Expanding Options for Estate Planning

With its new Trust Company, Trust & Will intends to facilitate a more comprehensive approach to estate management. Cody Barbo, the Co-Founder and CEO, emphasizes that a trust, irrespective of its assets, requires a trustee that can handle questions of distribution and tax filings with care and accountability. In fact, recent findings from Trust & Will highlight a growing trend: between 2025 and 2026, not only did will ownership decrease from 31% to 26%, but trust ownership also saw a substantial increase. This shift is further reflected in the purchasing choices of Trust & Will's members, with nearly 40% opting for trusts over wills, and over 11% selecting Trust & Will as their trustee choice.

The Scope of Services Offered

The Trust & Will Trust Company provides diverse trustee services including:

• - Sole Trustee: Assuming full responsibility for management from beginning to end.
• - Co-Trustee: Work alongside family members or friends, facilitating involvement while easing the burdens of trust administration.
• - Successor Trustee: Stepping in only if the initial trustee is unable or unwilling to serve.
• - Directed Trustee: Allowing financial advisors to manage investments while handling the administrative obligations themselves.

Daily tasks involve meticulous recordkeeping, accounting responsibilities, executing trust tax filings, communicating with beneficiaries, and coordinating with existing legal and financial advisors. The directed trustee model fosters collaboration between Trust & Will and financial advisors while maintaining transparency and professionalism.

The Importance of a Regulated Trust Company

Chartered within Nevada, recognized for its favorable tax policies and protective trust laws, the Trust & Will Trust Company stands out as a strong contender in trust administration. Nevada's lack of state income tax on trust income and absence of inheritance tax makes it an alluring choice for families contemplating the long-term management of estates. Additionally, the capability to create dynasty trusts lasting up to 365 years offers unparalleled advantages.

In conclusion, as families increasingly delve into estate planning choices, Trust & Will's latest endeavor to launch a chartered trust company positions it at the forefront of the digital estate planning domain. By effectively combining convenience, professionalism, and trust management expertise, this initiative ensures that all families are equipped to leave a well-administered legacy.