Private Trust Companies


Why GST Tax is Relevant for Non-US Trusts
Kozusko Harris Duncan
Non-U.S. families establishing succession planning structures rarely think about the U.S. generation-skipping transfer (GST) tax. Nevertheless, when a foreign trust becomes a U.S. domestic trust so
FinCEN Issues Final Rule on Beneficial Ownership Reporting Under the Corporate Transparency Act
Perkins Coie
On September 29, 2022, the Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued its Final Rule implementing the beneficial ownership information 
Final Rules Implementing the Corporate Transparency Act and their Effect on Trusts, Family Offices, and Private Trust Companies
Waller Lansden Dortch & Davis
On September 30, 2022, the Department of the Treasury issued final rules addressing the scope of the reporting requirements for beneficial ownership and control of entities provided under the
Exploring The PTC’s Effect on Lender Structure and the Family Office Exemption
The family PTC is an evolving and essential strategy that contributes to long-term financial and family enterprise success. Join us for this in-depth discussion on how a private trust company that
Evolution of the Lender Structure: Deduction of Investment Management Fees
Waller Lansden Dortch & Davis
The use of a specific ownership structure to provide for the deduction of investment management fees has evolved since 1941 to most recently in 2018 when guidance was provided by the U.S. Tax Court
Top 4 Mistakes Family Trustees Make
Warner Norcross + Judd
To effectively serve as a trustee, it's crucial to understand your fiduciary duties. Even trustees with the best of intentions can create liability for themselves by being unprepared for the job
State Residency Changes: Tax Implications and Rules
William Blair & Company
Establishing residency in a state with lower tax rates can result in significant tax savings for some individuals and trusts. But changing residency is not as straightforward as it might seem.
Protecting Yourself When Serving As a Family Trustee
Warner Norcross + Judd
When it comes to selecting trustees, families often choose family members to serve in this role. However, if you agree to serve as a trustee, you become a “fiduciary” who must
Understanding Your Role as a Trustee for Your Family
Warner Norcross + Judd
Serving as a trustee for your family can be a valuable experience for you, while also providing an important service to your family. But before you accept the position, make sure that you understand
More Families Can Now Take Advantage of a $24.12 Million “Portable” Estate Tax Exemption
Waller Lansden Dortch & Davis
For families with significant wealth, a new IRS Revenue Procedure could result in millions of dollars in tax savings. The procedure makes the Deceased Spouse Unused Exclusion available up to five