Trustee Administration

There are three distinct phases in administering a trust. First Foundation Bank offers valuable trustee services starting in phase one, two or three.

Phase One:

You are fully and actively managing your trust during this phase. This is an entirely optional phase at which you may consider it useful to add the Bank as a custodian. There are some advantages to us providing custodial and accounting services. Namely, we can learn more about your family situations and build a consolidated balance sheet and income statement using our trust accounting software that provides the following benefits:

• Your assets are all identified in a single, constantly updated set of financial statements.
• You can easily communicate your intent to your Trust Administrator before we have to rely solely on the estate planning documents.
• The cost of phase two is reduced significantly.

Phase Two:

This is the period of time that First Foundation Bank is administering your estate. Services that we typically perform during this time are the identification of the decedent's assets, distribution of assets to named individuals, paying estate taxes and completing the funding of a trust.

Phase Three:

This is the period during which First Foundation Bank manages the assets of the trust and periodic distributions to the beneficiaries according to the Trust's terms and conditions.