Manage episode 300370148 series 2834060
Welcome back to the latest installment of Advance Your Wealth, where Homer and Ryan explore the inner workings of a private trust company.
Some wealthy families that have assets in trusts want more than what they can get from many professional or corporate trust companies. For these people, setting up their own private trust company could be a viable alternative that adds value to their situation.
Listen as Homer examines some key features of private trust companies and how families can decide if they should establish one for themselves.
So sit back, relax, and enjoy another enlightening financial conversation!
0:06 - Welcome to the show and overview on today's topic
1:37 - A high-level overview on the different trust companies that exist today
2:48 - The appeal of going with a private trust company
4:14 - The secondary benefits of utilizing a private trust company
5:23 - Private trust companies can work with families on the estate planning side as well
6:08 - How heirs can benefit from a private trust company
7:53 - How privacy comes into play with private trust company
9:11 - What the financial commitment looks like when opting for a private trust company
10:14 - The next steps forward if someone is interested in proceeding with using this option
11:25 - Closing remarks
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