Nicholas Heuer, of Katten Muchin Rosenman LLP, has made available for download their article, “PTC Me ASAP: Estate Planning with Private Trust Companies,” published in JDSUPRA. The article begins is as follows:
More and more families are turning to private trust companies (PTCs) for their trusts and estates. Are they right for you?
What is a private trust company?
Private trust companies provide trust and fiduciary services to a single-family group — this is their sole purpose, and they are prohibited from doing business with the public.
Typically, private trust companies serve as trustee for various trusts established by one or more individuals from the same extended family, which allows more generational involvement in respect of the succession and growth of such family’s wealth.
Click here to view Nicholas Heuer’s summary of “PTC Me ASAP: Estate Planning with Private Trust Companies”
Posted by Melissa Zheng, Associate Editor, Wealth Strategies Journal.