Conshohocken, PA -- (SBWIRE) -- 06/08/2016 -- Sterling Trustees is a privately held, South Dakota-chartered trust company. This independent trust company provides trust administration services to high net-worth families, foundations, and endowments on an international basis. They pride themselves on being an unbiased independent trust management company that focuses on preserving assets for future generations. Sterling Trustees will administer both delegated and directed trusts.

Delegated trusts allow the trustee to delegate the investment management and other responsibilities to third party investment advisors who are qualified investment professionals. A benefit of delegated trusts is that trustees can use exoneration language in a trust document or a separate agreement to protect themselves from fraud or gross negligence on the part of the third party investment advisor. As a delegated trustee, Sterling is responsible for taking ownership of the trust assets, opening and maintaining bank accounts, preparing trust statements, and delegating the asset management to a third party and making distribution decisions. Delegated trusts are valuable for families who want a trustee to make distribution decisions and also allow assets to be managed by best of breed third party advisors.

A directed trust is a trust in which the trustee is directed by a number of other trust participants in implementing the trust's directives. Examples of other trust participants include a distribution committee, investment advisor or trust protector. A directed trustee's role is to follow the distribution and investment instructions. In addition, the trustee is responsible taking ownership of the trust assets, opening and maintaining bank accounts, preparing trust statements, providing fiduciary and tax accounting. A directed trust allows a family to gain more control over the investment and distribution of trust funds by appointing people that are close to the family rather than relying on a trustee who may not know the family as well.

To learn more about the advantages of delegated and directed trusts, visit the Sterling Trustees website or contact this trust administration company at 605-593-8950.

About Sterling Trustees
Sterling Trustees is a fee-only trust administration firm located in Sioux Falls, South Dakota. By working independently, the firm allows its clients to avoid the extra costs and conflicts of interest associated with large financial institutions. Sterling Trustees' main goal is to keep assets safe while remaining objective.

For more information, please visit http://www.sterlingtrustees.com.