Understanding the Role of Private Trust Companies in Wealth Management: Insights from Abby Feinman
Abby Feinman, a distinguished partner at Katten’s Private Wealth practice, is set to present a comprehensive discussion titled “When and Why to Consider a Private Trust Company” at the IPI Winter Investment and Family Office Forum. Scheduled for 11:45 a.m. on Wednesday, February 25, this session aims to illuminate the significant role private trust companies (PTCs) play in contemporary family governance and wealth management strategies.
As wealth management becomes increasingly complex, ultra-affluent families often face the challenges of maintaining control, ensuring continuity, and overseeing their significant assets across generations. PTCs emerge as a robust solution, providing a customizable framework tailored to the specific needs of high-net-worth families. During her presentation, Feinman will delve into the structural nuances of PTCs, examining their various forms and how they can be strategically implemented in estate planning.
Feinman’s analysis will address not only the legal and financial frameworks surrounding PTCs but also practical use cases illustrating their benefits. By exploring scenarios where PTCs may be particularly advantageous, she will equip attendees with critical insights that underscore the applicability of PTCs in their wealth management strategies.
Key considerations that families often grapple with include regulatory compliance, tax implications, and governance issues. PTCs offer a unique advantage by allowing families to retain more control over their assets compared to traditional trusts, fostering family engagement in the governance process. Moreover, utilizing a PTC can aid in effective succession planning, preserving family legacies and values while ensuring the longevity of family wealth.
The IPI Winter Investment and Family Office Forum serves as a premier venue where wealth management professionals converge to share expertise and foster connections. Attendees interested in the future of family financial leadership will benefit immensely from Feinman’s expertise.
For those keen on exploring the intricacies of wealth management and family governance, attending this session at the IPI Winter Investment and Family Office Forum represents a valuable opportunity to enhance understanding and network within the industry.
To learn more about the forum and the array of topics being covered, follow the link: IPI Winter Investment and Family Office Forum.
