A trust asset, administered with a defined cadence.
A short orientation for the trustee or trust officer coordinating with the Office. The Office is not a fiduciary, does not draft trust instruments, and does not advise the trustee on prudent-investor decisions or distribution policy. The engagement produces the operational documentation a fiduciary references; the trustee instructs.
A standing file the trustee can audit.
The trustee receives the reviewed brief, the depository storage agreement, the all-risk insurance summary, acquisition trade records, quarterly depository holdings statements, the annual review memo, and event records produced on transfer, distribution, or death. The records are organized so a successor trustee can open the file and continue administration without reconstruction.
The full operational treatment of the documentation chain — including the standing artifacts, the quarterly cadence, and the records produced on trustee-instructed events — lives on the Custody page.
In cash, or in kind, on the trustee’s instruction.
In cash
Sell a slice. Distribute the proceeds.
The buyback counterparty named in the engagement purchases a defined quantity at the prevailing fix-referenced price, less the named exit spread. Sale record produced; depository statement updated; proceeds wired to the trustee.
In kind
Re-paper at the depository. No sale.
The depository re-papers a defined quantity from the trust’s account into the beneficiary’s account. Date-of-distribution valuation memo produced; no spread paid; the bullion identifiers move with the property.
The choice between in-cash and in-kind distribution is the trustee’s call, made under the trust instrument and counsel’s direction. The Office executes against the trustee’s written instruction.
The position survives without re-paper.
The depository agreement names the trustee by office rather than by named individual. A successor trustee takes signature authority on the standard depository certifications under counsel’s instruction; no transfer event occurs at the depository, and the allocated holdings are not re-papered.
The successor receives the full file: brief, depository agreement, insurance summary, all acquisition records, quarterly statements, exit-side records produced to date, and the most recent annual review.
The trustee gets the file. The Office runs the operational pathway.
When a corporate trustee, individual trustee, or trust- officer team is assessing the engagement, the Office is available for a 30-minute orientation call directly with the trustee. There is no charge for that call.