Solus Trust An Independent, BC Trust Company. ADVOCIS Presentation. October 23, 2012

Transcription

1 Solus Trust An Independent, BC Trust Company ADVOCIS Presentation October 23, 2012 John Blackmer, LLB, MBA, TEP

2 AGENDA Introduction to Solus Trust Company Limited Services Offered Benefits of Working Together Recognizing the Opportunity / Situation to Refer Fees The Team

3 THE COMPANY Incorporated under the Financial Institutions Act (British Columbia) as a non-deposit taking trust company. Regulated by the Financial Institutions Commission of British Columbia Unique among corporate trustees, providing only trust and estate services, tailored to meet individual needs of clients. Not limited to financial or age criteria will look at all on a case by case basis.

4 INDEPENDENCE Other trust companies owned by financial institutions like banks, offering variety of other services such as investment management and financial planning. Solus Trust is completely independent: not owned by or affiliated with any other financial institution Solus Trust s unbiased approach allows the client to recommend the type of service and provider. Relationships remain intact without risk.

5 ACCESSIBLE & FLEXIBLE Vancouver Based Head Office Local Administration Available at Short Notice Flexibility - Age and Financial Criteria not applied

6 SOLUS - A TRULY PERSONAL SERVICE Provide only Personal Estate, Trust and Power of Attorney Services We work closely with client s existing advisors to create customized estate planning solutions. Focus is to provide highest level of unbiased and personalized advice possible

7 SERVICES PROVIDED BY SOLUS TRUST Substitute Decision Maker Services: Power of Attorney Court appointed Committee Trustee Services: Inter-Vivos Trusts Testamentary Trusts NB : Can also act as Agent for appointees in all the above

8 SOLUS TRUST SERVICES (Contd.) In estate administration Solus Trust can act as: Sole Executor Co-Executor Alternate Executor Agent for Executor

9 BENEFITS If a client names bank owned trust company in one of these fiduciary capacities, pressure to consolidate financial services including investments Solus Trust is committed to working with you to develop deeper ties by providing a totally impartial Estate, Trust and Power of Attorney Service Solus Trust provides only fiduciary services hence the name Solus which is Latin for Only or Solely! Adds the missing piece to the holistic and complete service that you as advisors offer to your clients

10 RECOGNIZING THE OPPORTUNITY/IDENTIFYING SITUATION TO REFER Agency Services: Client has been called to act as an Executor, Power of Attorney, or Trustee and is looking for professional help PoA or Committee: You perceive client may be in need of assistance because they are failing in health, or perhaps there are concerns of financial abuse by family members or others Executor & Trustee appointment under a Will or Trustee under an Inter-vivos Trust: See the Top Reasons to appoint Professional Trustee available as a handout

11 FIDUCIARY FEES Same whether professional or non-professional Legislated by Statute Must be fair and reasonable No more than 5% of the value of the gross value of assets in an Executor appointment (Unless written agreement in place to the contrary)

12 SOLUS FEES Can say with certainty that our executor fees are the least expensive compared to bank owned trust companies Our other fees (for Power of Attorney & Trustee) are also very competitive Always open to have a discussion around customized situations

13 THE TEAM A wealth of over 100 years combined experience in the field of trusts, estates and related areas Our Team is larger than some bank owned trust company operations in B.C.! John Blackmer, President and CEO Mark Oldham, VP Operations Valerie Cairns, VP Estate Planning Jackie Sewell, Trust Officer June Stark, Manager, Client Services Gary Choy, Financial Officer Annie Chan, Executive Assistant

14 Who to Contact: Valerie M. Cairns, Vice President, Estate Planning Solus Trust Company Limited Suite 1201, The Standard Building 510 West Hastings Street VANCOUVER, B.C., V6B 1L8 Tel: Ext