Choosing a Trustee:

Strengths and Concerns

The more clearly you understand a trustee’s responsibilities, the better able you will be to assess strengths and concerns of each option. We want you to understand the types of trustees available so you can make a choice that’s right for you.

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Overview of Types of Trustees

Family Member

A family member is highly likely to be familiar with your objectives, highly committed, and accessible for communications. Familiarity can lead to unconscious bias, however. Their expertise should be carefully evaluated as should continuity plans if they can’t continue for any reason.

Individual Professional

Your attorney, accountant, or wealth manager will be familiar with your needs, has at least some applicable expertise, and a professional track record. Familiarity may also create some unconscious bias. Access to additional expertise and continuity plans should be reviewed.


A trust department at a large asset manager or investment bank is likely to have institutional resources and processes. Consistency and continuity should be built into their structure. Turnover in personnel, divided attention, and less flexibility may be concerns.


Private trust companies seek to match the commitment and access offered by individual trustees. They’re generally specialists with expertise and robust processes, yet they may have greater flexibility adapting to individual needs. Access to additional professionals and overall capabilities should be reviewed.

Enterprise Trust is an Independent Corporate Trustee

Enterprise Trust is a Private Corporate Trustee

Relationships are the core of our approach. As private trustees we work to understand you and your aspirations so that we can collaborate on developing strategies that meet your needs.

We're part of Lido's family office style approach, with access to their sophisticated wealth management platform as well as affiliated and in-house tax and legal professionals.

We welcome the opportunity to learn about your family, your estate, and legacy needs.

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