Concierge Trust Services for the Discerning Client
Cardinal Trust offers trust administration for Revocable, Irrevocable, Charitable, and Testamentary Trusts (formed from a persons Will).
We offer management of the trust which includes oversight of your trusted investment advisor, trust distributions, tax preparation coordination with your CPA, track and pay taxes and insurance on vehicles, real property, collections. Cardinal Trust balances it’s expertise in the Uniform Trust Code and the fiduciary duties it must uphold, with the friendliness of an independent, state-wide trustee. Our trust company is chartered by the New Mexico Financial Institutions Division and must comply with all regulations set forth.
Cardinal Trust carries a complete insurance package to protect your trust. This includes, D&O, E&O, Cybercrime, …
Most corporate fiduciaries shy away from trusts for individuals with “extraordinary capabilities”. We, at Cardinal Trust, embrace these individuals. We hear words like, “those are high maintenance”. Or, “we’re not equipped to handle those”. Cardinal Trust and it’s concierge of additional companies compliment the trustee with case management services that can enhance the life of the special needs trust beneficiary. We believe the beneficiaries and their needs come first. We focus on this question, “How can we enhance the beneficiary’s quality of life with the trust assets?”
A personal injury trust is a legal arrangement designed to store and manage the funds received from a personal injury settlement for the life enhancement of the person injured. The person who creates the trust is called the settlor and is the victim of the personal injury claim. Once the trust is set up, Cardinal Trust will oversee the trust itself, including disbursement of funds and general management, working collaboratively with the person injured, a possible Guardian, the personal injury attorney and the investment advisor selected by the team involved. Some of the most common personal injury cases that lead to personal injury trusts include accidents, medical and clinical injuries resulting from criminal acts.
Selecting a corporate trustee to serve along with an individual may be a perfect solution. The trust gains the advantages of appointing a regulated professional while retaining a familiar, trusted individual to participate. • Co-trustee arrangements can also aid grantor/trustee’s transition from active trust management to a more limited trust management when they no longer wish to handle the trust entirely by themselves.
In the ever-changing climate of Trust Law, a newer role is becoming more and more popular. This is the Trust Advisor or Trust Protector. This role is generally defined as someone the that creator of the trust places in his/her trust document to “look over the shoulder” of the Trustee. This individual is given the authority to receive statements of activity in the trust, make recommendations to the trustee and even is often given power to dismiss the trustee. Most often this person is a family member or trusted friend. The important concept that a qualified estate planning attorney will bring forward is to draft the document so that the advisor or protector does not assume the role as a fiduciary, like the actual trustee. This protects the family member or friend from unnecessary fiduciary legal exposure.
A conservatorship is also established by the courts. A conservator is appointed to manage and protect the financial interests and assets of an individual who has been determined by the court to lack the capacity to make their own financial decisions. Incapacitated individuals who did not previously establish a Durable Power of Attorney may require a conservator.
We know it’s not enough to say we’re relentlessly client-focused—we prove it
every day, through competence, adaptability, ingenuity and first-class trust
Our approach is grounded in a deep understanding of our clients. For each client, we craft a customized strategy around immediate needs, long term needs, reasonable budget, and a compassionate fiduciary approach. We’re not your typical high-brow trustee. We genuinely care about you and how we can serve to enhance your life situation.
We find that most people selecting a trust company are as interested in the culture and values of the company as they are about the services and fees of the trustee. We operate under a Code of Ethics and Standards of Practice provided by the National Guardianship Association. All employees that provide fiduciary services have received the National Certified Guardian designation.