Anticipated: Ruling on PTCs

In the past dozen years, spurred by the Prudent Investor Act and other major new trust laws, families with substantial trust assets (typically $100 million and more) have turned in growing numbers 1to organizing and chartering state trust companies to act as trustees of the referred to as private trust companies (PTCs). Families use PTCs to solve a variety of family asset risk management, trustee

In the past dozen years, spurred by the Prudent Investor Act and other major new trust laws, families with substantial trust assets (typically $100 million and more) have turned in growing numbers 1to organizing and chartering state trust companies to act as trustees of the referred to as private trust companies (PTCs).

Families use PTCs to solve a variety of family asset risk management, trustee and governance succession and regulatory issues, as well as to assure family o

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