The drafting of all client trust documents is completed by the client's estate planning attorney. The Private Trust Company (PTC) is available to manage the client's trust once it is properly drafted. PTC is available to consult with a clients attorney about provisions necessary to manage the client's trust.
While individual state law can govern the construction and validity of the trust, The Private Trust Company administers most trusts under Ohio law due to its consistent, fair, and flexible legal and tax environment.
The benefits of Ohio administrative law include:
- Uniform Prudent Investor Act providing flexible and modern investment rules, which, among other positive aspects, allow the ability to delegate investment management responsibility to the client's financial advisor and outside money managers.
- Use of Total Return Trusts, which may be more favorable to both current and future beneficiaries.
- Trusts can continue for as long as desirable since Ohio law allows for opting out of the Rule Against Perpetuities.
- Attractive statutory environment for those setting up trusts
- Settled statutory and case law protecting beneficiaries of trusts
- Clear standards for trustees, promoting consistent administration
- The ability to utilize a family member as a "Trust Advisor" or "Trust Consultant
To join our trust attorney database, please call The Private Trust Company at (800)877-7210, ext. 7990 and request an attorney information form.
The purpose of our Trust Attorney Database is to provide the name and contact information of qualifies estate planning attorneys to financial advisors in their areas. There is no charge to be admitted into the database
|
