Peak Trust Company offers comprehensive custodial services and administrative support services for individual trustees, providing a secure and efficient way to manage trust assets and fulfill fiduciary responsibilities. Trustee support services provide the individual trustee with the help they need in managing a trust. These services may involve tax compliance, fiduciary accounting, distributions, and more.

Peak’s individual custodial services can include any combination or all of the following services:

• Professional Administration: Peak Trust Company’s experienced team of professionals can assist individual trustees in the administration of trusts. This includes record-keeping, asset valuation, income collection, disbursements, and reporting. The goal is to ensure that the trust is administered efficiently and in accordance with the trust agreement and applicable laws.
• Investment Monitoring and Reporting: For trustees overseeing investment portfolios within trusts, Peak Trust Company can provide regular monitoring of investment performance and produce detailed reports. This helps trustees make informed decisions and assess the ongoing suitability of the investment strategy or the performance of selected investment advisors.
• Income and Distribution Processing: Peak Trust Company can handle the collection of income generated by trust assets, such as dividends, interest, or rental income. Peak can also facilitate the distribution of trust funds to beneficiaries as directed by the trustee and in compliance with the trust document.
• Bill Payment Services: Peak Trust Company offers bill payment services that allow individual trustees to delegate the responsibility of managing and paying bills on behalf of the trust. Trustees can provide the necessary information, and Peak Trust Company will handle the timely payment of bills, including utilities, property taxes, insurance premiums, and other financial obligations associated with trust-owned assets. This service ensures that financial commitments are met promptly, reducing administrative burdens for trustees.
• Reporting and Record-Keeping: Comprehensive record-keeping and reporting services are provided to individual trustees. This includes regular account statements, transaction history, asset valuations, and other essential documents that help trustees fulfill their reporting and accountability obligations.
• Custody and Reporting of Unique Assets: Peak Trust Company can custody and provide reporting for a nearly unlimited range of unique assets like partnerships, real estate, insurance policies, loans, and promissory notes.
• Regulatory Compliance Support: Peak Trust Company is well-versed in the regulatory requirements that govern trust administration. They can help individual trustees navigate these rules and ensure that all actions taken with regard to the trust are in compliance with applicable laws.
• Fiduciary Guidance: Peak Trust Company can offer guidance to individual trustees on their fiduciary duties and responsibilities.
• Customized Solutions: Peak Trust Company tailors its services to meet the specific needs and goals of individual trustees and their trusts. Whether the trust is for wealth preservation, estate planning, charitable giving, or any other purpose, services can be customized accordingly.

Have questions or would like more information? Our team is here to help.