Tuesday
Jul172012

The Trust Advisor - Advocates Trust News

Advocates Trust Group LLC Announces Innovative Alliance with New York Private Trust Company

Advocates Trust Group, LLC, announced the formation of “Advocates Trust Services” a division of New York Private Trust Company, a Delaware chartered trust company and subsidiary of Emigrant Bancorp, Inc.

Advocates Trust Services will provide a personalized, high touch, comprehensive suite of trust services for clients of Advocates Trust Group. These services will include professional trustee expertise for irrevocable and revocable trusts located throughout the country, but especially in Delaware.

Louis Pierro, President of Advocates Trust Group, LLC said, “Our law firm has created  trusts in Delaware and other states for many years, and has used various trust companies. Upheavals in the banking industry have caused turnover and disruption at those companies that have hurt our clients and our ability to provide them with consistent service.  We began working with NYPTC and saw an immediate difference – a personal touch that was missing from even those trust companies with strong reputations. This alliance will strengthen an existing valuable alliance which will serve our clients for generations.”

Advocates Trust Services is based in the Wilmington, Delaware headquarters of New York Private Trust Company, but the plan is to offer tailored services to attorneys in all 50 states, and abroad.  The division, in conjunction with ATG, LLC, will offer systems and programs that will enhance each attorney’s ability to customize trusts and other estate planning devices, to leave the client and their family in control of their assets when they have been placed in trust, and create an ongoing role for lawyers as trust advisors.

Richard Trumpler, Chief Operating Officer of New York Private Trust said:

“The novelty of the ATS approach is that it wraps trustee services around the legal services a trust and estates attorney performs for clients. By partnering with practicing attorneys, and meshing our Delaware trust administration services with the systems that they have created to serve their clients, we are able to provide what we call ‘The Delaware Trust Solution’ to attorneys anywhere in the world.”

About Advocates Trust Group, LLC

Advocates Trust Group is an attorney – owned and operated Delaware LLC which provides a full range of support services to attorneys who prepare and maintain sophisticated trust plans for clients, with a focus on Delaware law. ATG offers a complete Delaware Solution to attorneys from around the globe.

About New York Private Trust Company

New York Private Trust Company is a Delaware chartered trust company and subsidiary of Emigrant Bancorp, Inc. NYPTC provides a full array of personal trust and estate administration services through its office in Wilmington, Delaware. Its Delaware location, charter and expertise allow it to take full advantage of Delaware trust law. Visit www.nyptrust.com for more information.

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