Trust and Estate Services
• Trust Administration
• Guardianships
• Estate Settlement
— Asset collection and management
— Probate and real estate administration
— Final tax preparation and distribution of assets
Independence and Objectivity
The Trust Company of Illinois is not a bank. Therefore, we do not take deposits, lend money or “cross sell” other products and services. Clients benefit from our focused, disciplined approach.
Broker vs. Fiduciary
Brokers are held to a “suitability” standard, meaning that any products they recommend for clients must merely be suitable, not necessarily in the client’s best interest.
As a corporate fiduciary we are entrusted with power for the benefit of our clients. We are “held to a higher standard,” meaning we are required to act solely in the client’s best interest.
To illustrate, think of the difference between a waiter and a personal chef. A waiter will make recommendations but ultimately take your order based on what you tell them. A personal chef will consider your daily intake when preparing a weekly menu.