Today's panel discussion delves into the intricacies of family offices and private trust companies, exploring their definitions, the reasons for their growing popularity, and the importance of jurisdiction selection. The panel discusses the differences between regulated and unregulated trust companies, the role of governance, and the legal frameworks that guide these entities. They also address the challenges of navigating conflicts of interest, liability concerns for directors, and the best practices for engaging family members in the governance process. The discussion emphasizes the need for a strong advisory team and the importance of communication within families to ensure the success of private trust companies.

This episode was recorded on June 2, 2025.

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