EPTC Unveils AI Assistant for Fiduciary Services

Scan the QR code for direct access to the Eastern Point Trust Assistant.

In a move set to modernize the fiduciary services industry, Eastern Point Trust Company (EPTC), a global leader in independent fiduciary services, has announced the launch of the Eastern Point Trust Assistant™. This groundbreaking conversational AI tool, powered by OpenAI's ChatGPT, is a first-of-its-kind solution designed to assist legal and financial professionals.

Revolutionizing Fiduciary Services with AI

The assistant provides attorneys, financial advisors, trust officers, and institutional partners with real-time, plain-language information on complex topics. These include trust administration, Qualified Settlement Fund (QSF) compliance, regulatory procedures, and tax implications. Founded in 2013, EPTC has a proven track record, having administered over $2 billion in settlement funds and trusts for more than 500 law firms and institutional clients across the United States. By leveraging advanced generative AI, the new tool aims to accelerate decision-making, boost compliance confidence, and reduce administrative overhead. Importantly, it is designed to complement—not replace—the expertise of EPTC’s team of over 50 seasoned fiduciary professionals.

Bridging the Gap Between Complexity and Clarity

Accessible 24/7 through the ChatGPT GPT Store, the Assistant allows users to ask detailed questions like, "What are the IRS reporting requirements for QSF distributions in multi-jurisdictional settlements?" or "How do I structure a special needs trust to maximize Medicaid eligibility?" The AI delivers clear, actionable answers supported by citations from relevant statutes, case law, and EPTC's own best practices, ensuring users receive reliable and confidential insights.

“At Eastern Point Trust, innovation has always been our north star, guiding us to blend human wisdom with technological prowess,” said Joe Sharpe, President of EPTC. “The Eastern Point Trust Assistant™ democratizes access to our 20+ years of collective fiduciary expertise, empowering legal and financial professionals to navigate even the most labyrinthine settlement challenges with speed and precision.”

A Vision for an AI-Enhanced Fiduciary Future

This launch marks a significant step in modernizing access to fiduciary intelligence and aligns with EPTC's mission to enhance transparency and efficiency in the settlement administration industry. Early adopters, including prominent mass tort litigators and wealth management firms, have already noted faster resolution times for compliance questions and greater confidence in handling complex trust setups.

Milan Kmezic, Chief Operating Officer of EPTC, added, “Launching the Eastern Point Trust Assistant™ is more than a technological milestone - it's a commitment to evolving alongside our clients' needs. We've seen firsthand how AI can transform rote tasks into strategic opportunities, allowing advisors to focus on high-value counsel. This Assistant isn't replacing conversations; it's sparking better ones.”

Upholding a Gold Standard in AI Compliance

EPTC emphasizes its commitment to ethical AI integration. “While other QSF providers offer little more than a bank account, as a fiduciary leader, Eastern Point Trust continues to set the benchmark for ethical AI integration in trust services,” noted Rachel McCrocklin, CTO. “Every response from the Assistant is rigorously vetted against our compliance framework, ensuring it upholds the highest standards of accuracy, impartiality, and data security.”

What's Next for the Eastern Point Trust Assistant

EPTC has a robust roadmap for future enhancements, including:

• Guided Case Planning Workflows: Step-by-step AI-assisted blueprints for QSF setup and trust funding.
• Interactive QSF Benefit Calculators: Tools to project tax liabilities, distribution schedules, and long-term yield forecasts.
• Real-time Compliance Checklists: Dynamic, jurisdiction-specific audits with automated updates for evolving IRS guidelines.
• AI-Driven Document Analysis: Capabilities to scan settlement agreements and trust instruments to flag potential issues before they escalate.

How to Access the Future of Fiduciary Support

Experience the next generation of fiduciary support today by searching for “Eastern Point Trust” in the ChatGPT GPT Store. New users can also unlock a free trial consultation with an Eastern Point expert.

About Eastern Point Trust Company Eastern Point Trust Company is an internationally recognized independent fiduciary specializing in Qualified Settlement Funds (QSFs), special needs trusts, settlement management, and complex trust administration. For more information, visit www.easternpointtrust.com.