A professional fiduciary is a person who provides fiduciary services in a professional rather than a personal capacity.

The Organization will not serve as a trustee of any trust and encourage donors to use a professional fiduciary.

However, the Organization will not serve as a trustee of any trust and instead shall encourage donors to use a professional fiduciary.

In addition, the account should be titled as a fiduciary account.

The Organisation will not serve as a trustee of any trust and encourage donors to use a professional fiduciary.

(c) the account must be designated as a trust account.

Or you may choose a professional, such as a lawyer or bank trust officer.

The state of California provides an example of a comprehensively regulated professional fiduciary scheme.

However, this general presumption may not apply if the trustee of the trust is a professional trustee (for example, a public trust company) and the settlor has not maintained some degree of influence over the trustee.

(3) A member institution must remove the designation of an account identified as a professional trustee account if

In order to show that the higher standard had been breached, evidence would have to be presented to establish that the average professional trustee would have acted differently than an ordinary trustee in the same circumstances.

Depending on the size and complexity of your trust, choosing a professional Trustee may be your best option.

Many trust drafters create a trust with two trustees where one trustee is an individual such as a family member and the other trustee is a professional corporate trustee.

(b) indicating that the account in which the deposit is held is a professional trustee account; and

Prescribes the information to be disclosed on the records of a member institution for a deposit held in trust for another person when the trustee is not a nominee broker and the deposit is not made in a professional trustee account.