Trustee & Escrow Services
At
Sandor, we provide access to both trustee and escrow account professional
organizations for clients to ensure efficient and professional fund transfers
and maintenance.
Trustee
Services
Trustees are
an individual or organization that accepts responsibility and has the powers
to act on behalf of another. This occurs most commonly in a trust situation.
The trustee has the power and authority to conduct business on behalf of the
client. The trustee signs as owner on behalf of trusts owning / maintaining
funds or life insurance / life settlements as necessary.
Escrow
Services
In every life
settlement transaction, an escrow agent is retained on behalf of both the
seller and buyer to establish a level of trust and security, ensuring all
terms of the purchase agreement and transaction are met. The Escrow Agent
is typically an independent entity such as a Bank, CPA firm, Law firm, or
specialty escrow company, who holds and processes all documents and funds
in the transaction pursuant to instructions provided by the parties of the
transaction.
