This article is an overview of the private family trust company structure and its potential benefits for families. For more information on design considerations and best practices for the private family trust company, please read How to Form a Wyoming Private Trust Company. The Private Family Trust Company is an entity formed and controlled by […]
Benjamin Walter
How to Avoid Four Estate Planning Pitfalls
In 1973, the artist Pablo Picasso died with an estate worth $100-$250M and no estate plan. The ensuing battle over his estate lasted six years and cost $30M. This was good for lawyers and not so good for Picasso’s descendants! Unfortunately, Picasso’s estate is just one example of one of four common estate planning pitfalls. […]
Private Client Services: Family Office Quarterback
The term “family office” is hard to define because it appears in so many different forms. There’s a well-known saying, “Once you’ve seen one family office, you’ve only seen one.” Some family offices are comprised of nothing more than a financial advisor. This advisor coordinates services with external tax experts, insurance providers, bankers, brokers, and perhaps […]