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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 an independently owned and operated wealth management firm serving multigenerational families with complex needs, single-family offices, and foundations and endowments. Our comprehensive range of services and deep expertise goes far beyond investment management. Every client has different values, goals, and objectives. No two paths are the same. Our expansive capabilities and personal, in-depth approach enable us to customize our solutions and leverage best practices to accommodate each of our client’s unique needs. It’s what makes us Pathstone – The Family Office.

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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.

Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC.  Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.

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