* Policy reviews conducted by ITM 21st and RIC
Review trust documents; ensure trust is administered according to its terms; prepare & deliver Crummey notices
Report in real time to simplify internal & regulatory audits
Protect the Weakest Link in Trust Assets
A trustee has a fiduciary responsibility to manage trust assets according to UPIA (Uniform Prudent Investor Act) Standards. The trustee's goal is to protect, maintain and grow trust assets for beneficiaries.The most frequently overlooked asset in those trust assets is life insurance.
With the cost of insurance rising, it is critical for trustees to review life insurance assets to ensure that those assets continue to meet the needs of their beneficiaries.
Our comprehensive Life Insurance Evaluation for Trustees includes:
Analyze policies & trusts for risks prior to onboarding
Ensure premiums are paid & policy is in good standing; provide solutions for troubled policies, document to mitigate liability; review policy annually for performance issues
Customize grantor and beneficiary communications with client brand/logo