August 6, 2024

Side-by-Side Comparison of State Private Trust Company Laws Shows Key Advantages by Location

Holland & Knight Alert
John Bunge | Joe L. Fernandez III | Aaron Bradley Flinn | Jon P. Gaston | Bryan Howard | Kharissa Jacobsen | Amelia A. White | G. Michael Yopp | Teresa J. Walker

There are numerous laws and regulatory issues to take into account when considering a state in which to form a Private Trust Company (PTC), including requirements around annual reporting, residency of personnel and capital requirements. This report provides a side-by-side comparison of state PTC laws across eight key states, including Ohio, Florida, Texas, Tennessee, New Hampshire, Nevada, South Dakota and Wyoming.

>> Read the full report


Information contained in this alert is for the general education and knowledge of our readers. It is not designed to be, and should not be used as, the sole source of information when analyzing and resolving a legal problem, and it should not be substituted for legal advice, which relies on a specific factual analysis. Moreover, the laws of each jurisdiction are different and are constantly changing. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. If you have specific questions regarding a particular fact situation, we urge you to consult the authors of this publication, your Holland & Knight representative or other competent legal counsel.


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