The Private Trust Company Solution

Wealthy families place a high premium on giving each generation the opportunity to participate in decisions regarding the preservation and growth of their wealth. Some of the threats that wealthy families face in preserving and growing family wealth are the federal transfer tax system, divorce, and litigation. To combat these threats, wealthy families typically take advantage of planning strategies which often involve transferring family wealth to irrevocable trusts. When an individual or a financial institution is serving as trustee of irrevocable trusts, the ability of family members to have a voice in the management of their wealth inside of those trusts is difficult if not impossible. Consequently, wealthy families look for structures that encourage and allow the participation of each generation in the investment management of family wealth held in irrevocable trusts. One such structure that is getting more and more attention today is the private trust company.

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This article was published on the Leimberg Information Services Inc. website in June of 2010.

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