Chartered PTC Considerations and Processes

Wyoming is one of two states that permits both chartered, or regulated, and unchartered, or unregulated, private family trust companies (PTCs). The third installment in our PTC Leading Practices series, created to help families and their advisors consider key elements of PTC formation and maintenance, reviews key considerations and processes related to Wyoming chartered PTCs — including common reasons that families choose a chartered PTC, and the procedure for establishing a Wyoming chartered entity. To read the full piece, please follow this link.

The first installment in the PTC Leading Practices series addressed the critical long-term success factors in designing a PTC governance structure. The second installment outlined the foundational operations and administration elements central to bringing the PTC to life.

We hope these leading practices are helpful. To further discuss Wyoming trust structures and the ways in which Willow Street assists client families and their advisors, please contact Betty Andrikopoulos.