In 2009, a major life insurance company decided to dissolve its trust subsidiary. The subsidiary was in regulatory distress and no longer fit the broad strategic plans of the company. Dissolution of a regulated business is extremely complicated. The company turned to Cordes & Company to develop and execute a comprehensive plan to move accounts and assets to successor parties and close down business operations. We found a good home for 90 percent of the trust’s clients. The company was able to hand back the charter in good shape -- with no liabilities and no contingencies.