The breakdown of trust in any personal relationship is difficult
to accept, and both parties are usually left bruised. Despite being
less emotional, the parting of a trust company from a client can be
equally challenging, certainly in a physical sense.
For example, it may be easier to walk away from a partner with a
well-worn music collection and a suitcase than it is to transfer
the files and mandates of a complex trust structure.
One of the rarely discussed aspects of effective administration
concerns the provision to direct how entities will be transferred
between existing and new service providers following the end of a
trust relationship. This is not generally embraced during the
initial excitement of a new business arrangement, although for the
client the method of how a relationship is is ended, is just as
important as any other aspect of the arrangement.
