The MDT, Defined
The model for a managing directed trustee (MDT) comes from organizations like family offices and private trust companies (PTCs) that evolved, in part,
Breaking the PTC Logjam
The logjam that for eight years has checked the pace of private trust company (PTC) creations will be dislodged when the Internal Revenue Service finalizes
Anticipated: Ruling on PTCs
In the past dozen years, spurred by the Prudent Investor Act and other major new trust laws, families with substantial trust assets (typically $100 million
Master and Commander
Just 20 years ago, a sophisticated family plan might have employed a single trust, subdivided into two or perhaps three sub-trusts. A sole individual