Private Trust Companies: A Practical Introduction to a Bespoke Solution

Overview

Private trust companies (the PTCs) are not a new phenomenon. Rather, they have increased dramatically in number over the years, with hundreds of major, family-controlled trust institutions now operating in the United States. This article addresses why the number of PTCs has been growing; describes its typical organizational structure; and discusses certain legal and practical considerations that a family should address when exploring a PTC.

Advisor Thinking