Private Family Trust Companies in Wyoming: greater privacy, control, streamlined administration, and multigenerational continuity.
What Is a Private Family Trust Company?
A Private Family Trust Company (PFTC) is a state-chartered entity formed to act as trustee for the trusts of a single family. Unlike a public trust company or bank, a PFTC serves only your family and is typically established in a trust-friendly jurisdiction such as Wyoming, Nevada, or South Dakota.
By forming a PFTC, your family centralizes trust administration, maintains confidentiality, and makes investment and distribution decisions consistent with your values and long-term goals.
Key Benefits of a Private Family Trust Company
- Enhanced privacy: Because a PFTC is privately owned and serves only your family, sensitive financial matters remain confidential and out of public trustee channels.
- Greater control: Family members and trusted advisors can participate in governance so trustee actions align with your vision, values, and investment philosophy.
- Streamlined administration: Managing multiple trusts through a single entity simplifies recordkeeping, reporting, and compliance.
- Continuity across generations: A durable governance structure supports seamless succession and consistent stewardship over time.
- Potential cost savings: Consolidating trustee services can be more cost-effective than paying multiple institutions, even after setup and regulatory costs.
Why Work With Our Law Firm to Form a PFTC?
Establishing a PFTC involves complex legal, tax, and regulatory considerations. Our attorneys guide you from structure to launch and ongoing compliance.
- Jurisdiction selection: Choose Wyoming or another trust-friendly venue that matches your objectives.
- Formation documents: Draft and file charters, bylaws/operating agreements, and related governance instruments.
- Governance design: Build boards, committees, and policies that satisfy family needs and regulatory standards.
- Tax coordination: Align with CPAs on federal/state tax treatment and information reporting.
- Regulatory compliance: Meet initial licensing/registration requirements and maintain ongoing obligations.
Start Building Your Family's Legacy Today
If you're considering a Private Family Trust Company, we can design and implement a structure that protects assets, preserves privacy, and reflects your family's values. If you'd rather not juggle filings, governance, and compliance yourself, we'll handle the heavy lifting so you can focus on long-term stewardship.
Your assets are worth protecting.
We'll draft Wyoming-compliant documents that actually work at the bank and hospital.
Walk-in $25 • Online $395
FAQs
What is a PFTC?
A private, family-owned entity that serves as trustee for one family's trusts.
Regulated or unregulated?
Wyoming offers both options; the right choice depends on scope, risk tolerance, and cost.
Key benefits?
Control, privacy, centralized administration, multigenerational continuity, and potential cost savings.
Who should consider it?
Families with multiple trusts, complex assets, or a preference for family-directed governance and continuity.