Administering the Private Trust Company: Key Issues to Consider
Overview
Join us for a look at the keys to successfully administering a private trust company (PTC). Chuck Schultz, national partner of McGladrey’s Estate and Gift Practice, will offer insights regarding what to do, and maybe more importantly, what NOT to do in order to run a long-term successful PTC enterprise. Topics include:
- Aligning compliance regulations to family governance
- Establishing a “best practices” approach with particular attention to those compliance steps necessary to ensure proper operations to this new structure
- Assessing exam feedback and integrating it with the operational and cultural needs of the family
- Avoidance of key “tricks and traps” of PTC administration. (This section will cover specific issues, such as foreign beneficiaries and multi-generational planning. And yes, there will be a few surprises to share!)