Trust Administration for the Ultra Wealthy: The Private Family Trust Company and Other Key Alternatives
Overview
A Private Family Trust Company (PFTC) is typically a family owned LLC (i.e. pass through entity or corporation), authorized by a state’s Division of Banking to be a PFTC and serve as the trustee for the family’s trusts. This article outlines key considerations in establishing a PFTC and two alternatives: a Directed Trust and a Directed Trust combined with a Special Purpose LLC.