One Coordinated Solution
Wedbush helps families protect and transfer wealth with a coordinated trust team by pairing your Wedbush advisor’s fiduciary investment management with an independent professional trustee’s administration. You get institutional-caliber investment oversight and day-to-day trust execution aligned to your trust terms and applicable requirements – so your plan stays on track, and your family can stay focused on what matters most.
Our Comprehensive Trust & Estate
Planning Services
Role of a Professional Independent Trustee
A professional independent trustee can be appointed as a successor trustee or co-trustee, ready to step in during illness, incapacity, or at death. You decide the level of involvement, from handling specific administrative tasks to fully assuming trustee duties, helping ensure continuity and consistent execution of your wishes.
Reducing Conflict Among Heirs
An independent trustee can be a powerful buffer against family tension - bringing objectivity, process, and consistency to distribution decisions. When personalities, priorities, or capabilities differ, a professional trustee follows your documented instructions and applies the trust terms evenly, helping preserve relationships and reduce disputes.
Trustee Responsibilities and Continuity
Trust administration comes with significant legal and operational responsibilities - following the trust, making timely distributions, and managing reporting, accounting, and tax coordination. For complex estates, the ongoing time and expertise required can be substantial. A professional trustee helps ensure deadlines are met, documentation is maintained, and oversight continues uninterrupted - even when an individual trustee is unavailable due to travel, illness, incapacity, or death.
Wedbush Planning Support
Your Wedbush advisor is backed by dedicated planners and paraplanners to help translate your goals into an actionable trust and estate strategy. We coordinate with your attorney, accountant, and other professionals to align investment strategy, trust structures, and distribution planning while keeping federal and state income and estate tax considerations in view.
Common Trust Types
Common trust structures we help families evaluate include:
- Revocable trusts and gift-funded irrevocable trusts (core estate planning)
- Irrevocable trusts for survivors and heirs as wealth transfers to the next generation
- Generation-skipping trust
- Dynasty trust for long-term, multigenerational planning
- Charitable trust (often used with highly appreciated assets such as securities, a business, real estate, or land)
- Special needs trust (coordinates government benefits with trust assets and income)
- QTIP trust (Qualified Terminable Interest Property) for blended families
- QPRT (Qualified Personal Residence Trust) to reduce estate taxes while remaining in your home
- QDOT (Qualified Domestic Trust) for a non-U.S.-citizen spouse
- Spendthrift trust for beneficiaries who may need added structure around distributions
Wyoming Trust Company Advantages
Wedbush can coordinate with a Wyoming trust company operating under Wyoming trust and estate law, regardless of your home state. Depending on your circumstances and plan design, Wyoming law may offer advantages such as:
- Asset protection trusts - helping protect assets from creditors and other claims
- Dynasty trust duration - up to 1,000 years
- Privacy - strong confidentiality provisions for personal and business matters
- No Wyoming income or capital gains tax on trust income and gains
For the right families, Wyoming may support stronger privacy, long-duration planning, asset protection, and state-tax efficiency.
Next Steps
Ready to move forward? Ask your Wedbush advisor to begin a coordinated financial and estate planning conversation and evaluate trust structures and trustee support aligned to your priorities. We’ll help you clarify objectives, identify planning opportunities, and coordinate with your attorney and tax professionals. And as your life, legacy goals, and tax rules evolve, we can revisit your plan to keep it current - including charitable and philanthropic strategies.
Bob McCommon
Senior Vice President, Ultra-High Net Worth Advisory
Bob McCommon is Senior Vice President, Ultra-High Net Worth Advisory with over 30 years of experience in wealth management and financial services. With his career spanning key roles in financial advising, wholesaling and product marketing, Bob brings a deep understanding of client needs and financial support.
Prior to joining Wedbush, Bob served as Senior Vice President and Director of Special Products at B. Riley Wealth Management, where he led initiatives in investment solutions. He spent several years in product and marketing management roles, overseeing investment strategy and implementation. Bob has experience as a trainer and sales manager within a bank broker-dealer environment.
Bob holds both a BBA and an MBA from the University of Memphis. He also carries the Chartered Financial Consultant (ChFC ®) designation. A lifelong resident of Memphis, Tennessee, Bob enjoys motorcycling and camping in his free time.
Phone: (901) 558-0016
Email: [email protected]
