Characteristics of Families Considering A Family Trust Company

Characteristics of Families Considering A Family Trust Company

  Given the Ohio Family Trust Company Act recently became effective in late 2016, the concept is new to many advisors and family members.  Unlike a family office, a family trust company has fiduciary powers to act as Trustee of family trusts to assist a family...
Case Study – Establishing a Private Family Trust Company

Case Study – Establishing a Private Family Trust Company

Recognizing when a private family trust company (“PFTC”) is the ‘right’ planning tool is important.  This case study has been created as a thought-provoking example of how a PFTC can be a viable solution for a family owning a privately held company with the desire of...
Ohio Allows Licensed and Unlicensed Family Trust Companies

Ohio Allows Licensed and Unlicensed Family Trust Companies

In September, 2016, the Ohio Family Trust Company Act became effective allowing for both unlicensed and licensed family trust companies in Ohio.  Ohio joins more than 15 states currently allowing family (private) trust companies.  Some of these states include Florida,...