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Private Trust Company Analysis

Warner helped a multigenerational family with a single family office consider the creation of a private trust company (PTC).

We helped the family members and family office leaders analyze the tax, financial and planning ramifications and benefits of forming a PTC.

Because Michigan's statutes did not allow private trust companies at this time, part of the analysis included determining where the PTC should be created. This was a complex process because each state had different statutes that governed the type of board needed, the types of trusts that the PTC can manage and the amount of privacy provided to the family.