Trustee Services

As trustees, we help ultra wealthy families preserve, manage, and pass down their legacies. Perspecta Trust provides comprehensive trust management for the families we serve, acting both as full trustee and administrative trustee.

Full Trustee

As a full trustee, we manage the trust’s assets and handle all aspects of trust administration. This includes:

  • Making decisions concerning discretionary distributions
  • Providing trust reporting
  • Overseeing tax compliance
  • Maintaining the trust’s records

In some cases, we act as co-trustee, sharing the trustee duties with one or more family members or other individuals.

Administrative Trustee

As administrative trustee, our role is defined by the terms of the trust. This may be quite limited or more expansive, depending on the client’s needs. As administrative trustee, we can:

  • Provide recordkeeping and trust reporting
  • Oversee tax compliance
  • Make decisions regarding discretionary distributions

When we act as administrative trustee, sometimes a distribution advisor or distribution committee is appointed to make decisions regarding discretionary distributions. Also, a third-party (in some cases referred to as a trust advisor or investment trustee) is often appointed to manage the trust property. For example, we serve as administrative trustee of a trust that holds interests in a privately-held business, and a trust advisor directs the management of those business interests.