The first step in the acceptance process is to submit your trust document to Peak Trust Company for review by one of Peak’s Trust Officers. This step generally coincides with an introductory conversation with one of our Trust Officers to familiarize the Trust Officer with the planning scenario and all the pertinent facts and circumstances surrounding the relationship.

The Trust Officer will carefully review the trust agreement and communicate any changes or concerns. During this review, the Trust Officer will seek to fully understand the planning goal that the Grantor is trying to achieve with the trust. The Trust Officer will also look for clarity on the specific role and responsibilities that the trust document requires of the trustee, as well as trustee indemnification language that sufficiently protects each trustee from the actions or inactions of other trustees. This review will generally take 1-2 business days.

The Trust Officer will work with the attorney or advisor to clarify our understanding of the trustee role Peak Trust Company is being asked to fill and any other unique circumstances surrounding the relationship. Once the trust document has been reviewed and Peak’s role is fully understood, the Trust Officer will quote trustee fees commensurate with the scope of the role and capacity that Peak is being asked to serve.

After the trust document has been accepted, Peak Trust Company must obtain some basic information on the Grantor and other related persons to open the account and complete initial transactions. The attorney, advisor, or client will complete the Account Opening Form and submit the completed form to Peak.

What you will need:

• Completed Account Opening Form (completed online form or downloadable pdf form)
• A legible copy of the government-issued photo identification of the Grantor as well as for any Beneficiaries over the age of 18 (driver’s license or passport)
• Completed W9 for the Grantor (if a Grantor Trust)
• Signed Waiver of Duty to Inform (if applicable)
• Signed Affidavit of Solvency (only applicable for self-settled trusts)

If Additional Documents are required, upload here.

In conjunction with all necessary account opening documents being completed and delivered to us, Peak Trust Company executes the trust agreement and begins administration of the trust. Once the trust document (or other applicable governing document) has been executed and the account is open, the Trust Officer sends the client an introductory welcome letter.