A family office is a private organization designed to help a high-net-worth family manage its wealth. A family office can exist as a stand-alone entity or in an embedded structure within a family business. In this article,...more
If I own or manage a private trust company (PTC), what insurance do I need? This is a great question and, as in many situations, the answer is that it depends. It depends on whether a public trust company is involved, whether...more
The popularity of private trust companies (PTCs) is increasing. This is because PTCs offer privacy to families, more flexibility, and potential cost savings when compared to a family office or a corporate trustee....more
Directors and officers (D&O) liability insurance is designed to protect management from personal liability for a claim resulting from an alleged breach of fiduciary duty while managing the operations of a company. The...more
The daughters of Paul Newman recently sued the Newman’s Own Foundation to their annual control of $400,000 of funds for donation.Paul Newman created the foundation to give away all royalty rights from the sale of Newman’s Own...more
Family Offices that serve high-net-worth individuals have been in recent global headlines as governments target them in an effort to tax corporate and individual gains....more
3/31/2022
/ Anti-Corruption ,
Biden Administration ,
Commercial Insurance Policies ,
D&O Insurance ,
E&O Insurance ,
Estate Planning ,
Fiduciary Duty ,
Grantors ,
Standard of Care ,
Trustees ,
Trusts