Nowadays in Italy it is a common practice to entrust to specialized legal persons, the Trust Companies, the role of a trustee.
A Trust Company is a company acting as a trustee in a professional way.
The Trust Companies represent the most advanced expression of the trustee given that they own the best theoretical and practical knowledge to achieve the objectives defined by the settler in the trust deed.
The Trust Companies:
- Have a highly specialized juridical, fiscal and corporate professional knowledge as well as concrete management experience;
- Guaranteed continuity given that they are not attached to the personal events of an individual;
- Offer guarantees in case of bad management of the assets by the trustee so long as they are covered by insurances protecting the clients.