§ 300 Trust Company Appointment Authority

• •A trust company can be appointed to manage estates, trusts, or act as a trustee, just like a person.
• •It cannot be appointed as a guardian or conservator of a living person (ward or conservatee).
• •The rule applies the same way to trust companies as it does to individuals.

A family hires a trust company to handle the money and property left behind by a grandparent who died.

The trust company can be named the personal representative to settle the estate, because the law says it can act like an individual for estate matters. If the same family needed someone to take care of a minor child, the court could not pick the trust company as the child's guardian.