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There are many trust companies to choose from, ranging in size and fees. The larger trust companies provide more products and services but may lack the personal touch of smaller institutions. These trusts generally charge their fees based on a percentage of assets, ranging from 0.25 percent to 2.0 percent, depending on the size of the trust. The creation of a trust fund establishes a relationship where an appointed fiduciary, or trustee, acts in the sole interest of the grant

What Is a Trust Company?

A trust company is a legal entity that acts as a fiduciary, agent, or trustee on behalf of a person or business for the purpose of administration, management, and the eventual transfer of assets to a beneficial party. The trust company acts as a custodian for trusts, estates, custodial arrangements, asset management, stock transfer, beneficial ownership registration, and other related arrangements. KEY TAKEAWAYS A trust company is a legal entity that acts as a fiduciary, agen