When it comes to large estates, the advantages of using a corporate trustee instead of administering your own trust are relatively straightforward. A corporate trustee ensures that costly errors don’t take a large chunk out of your assets, while also offering protection against fraud, theft, and other risks. When deciding on a corporate trustee, however, […]
Pam Baker is Vice President of Trust at First State Bank and Trust. She is a licensed Certified Public Accountant (CPA) and earned the Certified Trust and Financial Advisor (CTFA) designation. She has over fifteen years’ experience in trust administration, and prior to that spent twelve years in public accounting. She has a B.S. degree in Accounting from the University of Wisconsin-River Falls and is a member of the Institute of Certified Bankers, American Institute of Certified Public Accountants and Minnesota Society of Certified Public Accountants. Pam is an active member of the Lake Elmo Rotary Club, Stillwater Area ACT on Alzheimer’s Action Team, and serves on the Board of Directors for the Dragon Divas, an organization dedicated to breast cancer survivors. She can be reached at email@example.com.