The best practice of having an independent or outside director on a corporate board applies to private family trust companies and family offices, too. As IRS and other regulations continue to evolve, the importance of risk management becomes more crucial for a family office or private family trust company. An independent discretionary committee member or director particularly helps with this ever-growing challenge.
CLS Consulting, LLC can assist in identifying the best make up of a PFTC Board or committee. We can help your clients ensure the strongest members are available to assist with the required advisory and fiduciary responsibilities inherent in any family office or PFTC.