Over the years, many families and their advisers have come to find that the State of Delaware is a trust-friendly jurisdiction that promotes modern laws and attractive income tax advantages.
Waller Lansden Dortch & Davis (now part of Holland & Knight)
Wednesday, June 26, 2019
A new U.S. Supreme Court ruling in the Kaestner case means that more out-of-state residents will be able to fully realize the benefits of Tennessee's progressive trust laws and zero income tax on non-residents.
There are various laws and issues to take into account when considering a state in which to form a Private Trust Company, including requirements around annual reporting, residency of personnel, and capital requirements.
Over the past decade, matriarchs and patriarchs of successful families have been shifting their focus from their children to a broader group of individuals, such as grandchildren, siblings, and nieces.
Families with complex assets, such as family businesses, as well as those who have portfolios managed by multiple advisors, may find trustees reluctant to administer their trusts.
The Private Trust Company provides a way to formalize governance, minimize risk, and support the family’s growth and development across generations. This article explores best practices used by families in forming the PTC strategy within the enterprise and establishing its
Miles Padgett, Partner – Kozusko Harris Vetter Wareh Duncan LLP;Matt Tobin, COO, Legal Counsel, and President of SDTC Services LLC – South Dakota Trust Company LLC
Wednesday, November 7, 2018
The Private Trust Company (PTC) structure offers the promise and potential to manage and organize increasing complexity within the family enterprise.
