Entering its third year as a member of the ALPS family of professional services, First Lawyers Trust Company has certainly witnessed a growing demand for the services that it provides as an independent corporate fiduciary. First Lawyers is a nondepository trust company chartered under the laws of South Dakota. It’s not a bank or an investment manager. In fact, its only business is fiduciary administration with a mission to empower lawyers and other trusted advisors to better serve their clients.
In the past six months, First Lawyers Trust has formed strategic partnerships and has taken on some interesting projects. In the fall of 2011, it partnered with Insurance Trust Monitor (ITM), the nation’s largest and most experienced administrator of irrevocable life insurance trusts. First Lawyers and ITM collaborated in presenting webinars on the topic of mitigating trustee liability associated with ILITs. First Lawyers also is working with leading structured settlement consultants to develop a focused, cost-effective approach to the administration of supplemental and special needs trusts created in connection with the resolution of personal injury tort claims.
At the end of April, Vice President Adam Stern will be attending the 33rd Annual Douglas W. Conner Virginia Advanced Estate Planning Seminar at The Homestead in Hot Springs, Virginia. This will be an exciting initial foray for First Lawyers Trust in the state of Virginia.
First Lawyers Trust Company offers a simple and fair fee structure with open investment architecture. Lawyers and other advisors who are interested in providing effective and enduring solutions for their clients while working with a company exclusively devoted to fiduciary administration can learn more about First Lawyers Trust here.