Agent for Trustee

How our trustee services can support you

If you feel burdened by the tasks of administering a trust, or simply lack the time or expertise to undertake your trustee role, we are here to help. We are committed to providing you with knowledgeable support in trust custody, record keeping and accounting, assuming as many or as few of the administrative tasks as your personal situation requires.

Our Commitment to You

In your role as trustee, you are faced with many complexities and obligations. If you have been appointed trustee, we can assist you. Our RBC Royal Trust professionals are skilled in the unique requirements of trust custody, record keeping and accounting, and can provide guidance to you in carrying out all the duties involved in administering the trust.

The role of a trustee involves several key legal obligations including significant managerial and administrative tasks. Your responsibilities may include ensuring the trust assets are protected, keeping proper accounts and providing detailed accounting to beneficiaries.

• We work with you to customize a solution to fit your needs, ensuring that you receive and pay for only the services that you require.
  
• We handle as many of the details of the trust administration on your behalf as you require, while you retain the final decision-making authority.
  
• We provide the consolidation of marketable securities and proper record keeping of all assets, including complex items such as real estate.
  
• We provide the expertise that you need to give you—and the trust's beneficiaries—peace of mind.

How We Can Help

Our agent for trustee solution offers attentive, reliable expertise in the ongoing management of the trusts under your administration, while you retain the final decision-making authority. Our solution is customized and includes a full range of services such as:

Gathering and Safeguarding the Trust Assets

• Open a trust account to collect income
  
• Consolidate securities and arrange for their transfer to the account
  
• Record the descriptions and values of all other trust assets such as promissory notes, mortgages, real estate, non-marketable investments
  
• Collect interest, dividends and other income earned on the trust assets

Administering the Trust and Distributing Assets

• Consolidate the custody, accounting and record keeping of the trust capital and revenue format for both investment and cash transactions
  
• Process transactions in accordance with the terms of the trust including the payment of income and discretionary capital
  
• Provide an annual trust review including a cash flow analysis
  
• Provide tax expertise to prepare for annual T3 tax filing—issue T3 slips or pay taxes owing
  
• Provide access to professional investment management services, if required
  
• Distribute trust assets to beneficiaries as set out in the trust document

Collaborating with Your Investment Team

Your dedicated RBC Royal Trust advisor will work with you to ensure all trustee duties and responsibilities are properly performed. And, as your agent we can collaborate closely with your investment advisor to ensure the trust assets are properly managed.

For more information, speak with an RBC advisor, call us at 1-855-833-6511 or visit our website at rbc.com/royaltrust.

If you would like to schedule some time to discuss the items outlined in this article, please click here to access our meeting scheduler.