NextGen Wealth

Families facing trustee succession often consider forming a private trust company — but the structure isn’t right for everyone. Experts say families must weigh goals, governance structure, staffing, cost and culture before moving forward.

Private trust companies are gaining traction as families seek smoother trustee succession and customized governance. A PTC blends institutional structure with family involvement, streamlining administration and consolidating decision-making across multiple trusts. While costs and barriers have declined, setup requires time and expense, making careful evaluation essential for each family’s needs.

Experts say adolescence and young adulthood are crucial for building financial skills, purpose and a healthy relationship with wealth.

The One Big Beautiful Bill Act raises the estate tax exemption to $15 million per person in 2026, easing the rush around end-of-year planning. It also broadens incentives for private investments, real estate and philanthropy — prompting family offices to rethink long-term strategies.

Family office leaders and advisors say many families are now entering “simplification mode,” consolidating assets and rethinking estate plans to make them more manageable.