Estate Planning With Private Trust Companies: Ownership, Governance, U.S. Tax and Regulatory Considerations
Design and Operation of PTCs, Jurisdiction, Regulated vs. Unregulated PTCs, Impact of the CTA and IRA, Managing Disputes
Note: CPE credit is not offered on this program
Recording of a 90-minute CLE video webinar with Q&A
This CLE webinar will provide estate planners guidance on structuring and utilizing private trust companies (PTC) as an estate planning tool for high net worth families. The panel will discuss the design and operation of PTCs and how they are used as an estate planning mechanism, required documentation and key provisions, advantages and disadvantages of regulated vs. unregulated PTCs, U.S. tax implications and planning, the impact of the Corporate Transparency Act (CTA) and other regulations, and other key considerations.
Outline
- Design and operation of private trust companies
- PTC structure, ownership and governance
- U.S. tax and regulatory considerations
- Navigating disputes involving private trust companies
Benefits
The panel will discuss these and other key issues:
- Key factors that must be considered when structuring a PTC
- Selecting the right jurisdiction to set up a PTC
- Mechanisms to reduce tax liability and risk
- Navigating disputes with family members and beneficiaries
- Impact of the CTA
- Structuring transfers and utilizing trusts under a PTC model
Faculty
John Bunge
Partner
Holland & Knight
Mr. Bunge helps clients navigate the complex confluence of tax planning, business succession planning,... | Read More
Mr. Bunge helps clients navigate the complex confluence of tax planning, business succession planning, and estate planning, and seeks to find the most elegant solutions possible to reach their goals.
Close
Aaron Bradley Flinn
Partner
Holland & Knight
Mr. Flinn is a private wealth services attorney in Holland & Knight's Nashville office. Business owners... | Read More
Mr. Flinn is a private wealth services attorney in Holland & Knight's Nashville office. Business owners and entrepreneurs, corporate officers and executives, and investors and families with inherited assets seek advice from Mr. Flinn for the purpose of ensuring financial stability and continued prosperity. Serving clients with trust and estate as well as wealth preservation needs, he helps craft and deliver strategies that reflect the client's values while capturing the tax benefits available under their given circumstances. He also works with assisting business owners in succession planning and other issues often encountered by closely held companies. Mr. Flinn offers advice to clients on how to protect and retain wealth through strategic planning related to income, estate, gift and generation-skipping transfer taxes. Tax-exempt and nonprofit organizations also rely on him for day-to-day guidance in relation to taxation and governance matters. Mr. Flinn also assists trust officers and other fiduciaries in the administration trusts and decedents' estates, and works with ultra-high-net-worth families with regard to all facets of Private Family Trust Companies in Tennessee, including the migration of trusts and other administration issues.
Close