What is a trust company?

A trust company is an organization in Washington that is authorized by the state to provide trust and estate services to clients. Trust companies are established to help individuals and businesses manage their financial affairs, whether through investments, estate planning, or other tasks. Trust companies provide services such as managing investments, planning for wealth transfers, and administering the distribution of assets when an individual passes away. Trust companies are licensed and regulated by the state in which they operate. They must adhere to certain standards in order to ensure that clients’ funds and assets are handled correctly and legally. An important function of trust companies is acting as a fiduciary, meaning they are legally obligated to always act in the best interest of the client. Trust companies provide a valuable service to individuals and businesses in Washington. They can help manage investments, plan for estate transfers, and help ensure that the wishes of the client are met. Trust companies also help ensure that the legal and financial interests of the client are protected.

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