Ohio Family Trust Companies – The Governance  Solution

Ohio Family Trust Companies – The Governance Solution

CLS Consulting’s sixth installment of the Ohio Family Trust Company Act educational email series will delve deeper into the family’s ability to initiate a family governance structure under the family trust company (“FTC”) umbrella.  This series has previously...
Ohio Family Trust Companies – The Control Solution

Ohio Family Trust Companies – The Control Solution

Ohio Family Trust Company’s Educational Series – Issue 5 It’s time for the fifth installment in CLS Consulting LLC’s email series regarding the Ohio Family Trust Company Act. This installment will focus on one of the key advantages of forming a family...
Ohio Family Trust Companies – The Trustee Solution

Ohio Family Trust Companies – The Trustee Solution

Ohio Family Trust Company’s Educational Series – Issue 4 Welcome to the fourth installment in CLS Consulting, LLC’s email series regarding the Ohio Family Trust Company Act.  We hope that you are both enjoying and learning valuable information...
Ohio FTCs – Formation and Governance

Ohio FTCs – Formation and Governance

Welcome to the second installment in CLS Consulting LLC’s email series designed to educate subscribers on the basics of an Ohio Family Trust Company (“FTC”).  This installment will highlight some staggering statistics regarding family businesses in America. ...
Ohio Family Trust Companies – The What and the Why

Ohio Family Trust Companies – The What and the Why

Welcome to the first installment in CLS Consulting, LLC’s email series designed to educate subscribers on the basics of the Ohio Family Trust Company Act.  This installment will provide an overview on what exactly a family trust company is, families who should...
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,...

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William S. Wyman, CEO Summitas

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