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Key Points of the Webcast: Private Family Trust Companies: What? Why? How?
1. Private Trust Companies Defined:
- Business entities formed by families to act as trustees for their trusts.
- Serve family financial and planning goals.
- Offer efficient and effective integration of family business.
- Optimize governance and involve family members and advisers.
2. Benefits of Private Trust Companies:
- Liability protection for family members serving as trustees.
- Flexibility in managing various assets, including operating businesses.
- Cost efficiency for larger families.
- Tailored decision-making and governance structure.
3. Considerations for Families:
- Requires competent legal counsel.
- Family involvement and experience crucial.
- May require additional support from outside providers.
- Time and cost vary depending on family size and complexity.
Who should listen:
- Owners and managers of family businesses.
- Families with significant wealth and complex estate plans.
- Individuals considering alternative trust management solutions.
- Professionals advising families on wealth management and estate planning.
About Pathstone
Pathstone is a partner-owned multi-family office dedicated to serving ultra-high net worth families, single family offices, foundations, and endowments. We are a Registered Investment Advisor and serve our clients as a fiduciary. Our advisors provide an integrated suite of services designed to empower our clients to realize their unique goals and maintain their legacy. Our expansive capabilities and personal, in-depth approach enable us to customize our solutions and leverage best practices to accommodate our clients’ unique needs.
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The need for fact-based reporting of issues important to family offices and successful families and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful families are under fire. That’s why Family Enterprise USA Action is passionately working to increase the awareness of issues important to family offices and successful families, while continuing to strengthen our presence on Capitol Hill.
Family Enterprise USA Action engages with legislators on Capitol Hill on behalf of family offices, successful families, and family-owned businesses. It is focused exclusively on the critical tax and economic policies that impact them. Since 1995, FEUSA Action has been the leading advocacy group working daily in Washington, D.C., to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income and capital gains taxes, the creation of a wealth tax, and other hostile policies that punish hardworking taxpayers and success in the U.S. It is a bipartisan 501.c4 organization.
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