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In this video, Chris Mays and Joseph Viviano discuss the intricacies and benefits of private trust companies. They delve into the regulatory differences between private and corporate trust companies, and how private trust companies allow for greater control, privacy, and cost efficiency in managing family trusts. Joseph also explains the process of setting up a private trust company and the ongoing considerations for maintaining it effectively. Private trust companies offer significant control and flexibility for family wealth management. The regulatory landscape for private trust companies varies significantly between states, affecting their formation and operation. Private trust companies can provide cost savings and enhanced privacy compared to traditional corporate trustees. Learn more about Armanino's Family Office Services: https://www.armanino.com/individuals/...