A directed trust is a trust that gives one or more responsibilities traditionally held by the trustee to another fiduciary. These duties may include the investment and management of trust assets or the discretionary authority over asset distribution. The Illinois directed trust statute was signed into law on August 10, 2012 and became effective on January 1, 2013. ATG Trust Company will serve as trustee of directed trusts when the trust incorporates the language of the Illinois directed trust statute. As directed trustee, ATG Trust will take direction on investment management and/or discretionary distributions from an Investment Trust Advisor or Distribution Trust Advisor as named in the document. This flexibility allows the client to maintain an existing relationship with a trusted advisor while utilizing the expert administrative services of a professional trustee.
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