Structuring Private Family Trust Companies and SPEs for High Net Worth Individuals and Families
Evaluating Benefits and Risks, Ownership Structures, and State Law Considerations
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will provide estate planning counsel and advisers with a practical guide to structuring private family trust companies (PFTCs) and special purpose entities (SPEs) for high net worth individuals and families. The panel will discuss the benefits and risks of PFTCs and other separate entities, describe ownership structures, and detail state law considerations in setting up PFTCs and other incorporated vehicles for holding family wealth.
Outline
- Characteristics of PFTCs
- State chartered entity
- Authorized to serve as a fiduciary
- Exempt from SEC registration requirements
- Limited to serving one family
- PFTC formation considerations
- Capital requirements
- Public disclosures
- Domicile or physical presence
- States with PFTC statutes
- Transitioning from family office structure to PFTC
- SPEs/TPCs as alternatives to PFTC structures
Benefits
The panel will review these and other key issues:
- Capital requirements and state regulatory burdens if chartered to consider in forming a PFTC
- Transitioning from a traditional family office to a PFTC structure
- How PFTCs allow for family members to have greater involvement in structuring investment management policies and decisions than is permissible with an individual or corporate trustee
- Operational and corporate governance issues to be addressed prior to establishment of a PFTC
Faculty
Barbara J. Hoeft
Managing Partner
Willow Street Group
Ms. Hoeft has spent nearly 25 years in the family office and trust and estate profession. Prior to founding... | Read More
Ms. Hoeft has spent nearly 25 years in the family office and trust and estate profession. Prior to founding Willow Street, she managed a single-family office, working closely with the family’s advisory team to develop and implement complex wealth transfer strategies.
CloseHolly Isdale
Founder
Wealthaven
Ms. Isdale is a trusted advisor to some of the wealthiest families in the world and has spent the bulk of her career in... | Read More
Ms. Isdale is a trusted advisor to some of the wealthiest families in the world and has spent the bulk of her career in the family office, estate and planning arena. Prior to creating Wealthaven, she built and led the estate and financial teams as well as co-heading asset allocation and investment management teams, for some of the largest investment banks. In addition to family office and PTC advisory work, she focuses on governance and succession planning, working directly with family business owners and family offices on the full spectrum of investment, planning and tax related strategies.
CloseConstance Shields
Partner
Withers Worldwide
Ms. Shields focuses her practice on trusts and estates, and business succession matters for wealthy individuals and... | Read More
Ms. Shields focuses her practice on trusts and estates, and business succession matters for wealthy individuals and their families. She works with trusts and related business structures to preserve, protect and grow family wealth for multiple generations in a tax efficient manner. She is a published author and speaker on a wide array of trust and estate issues.
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