Serving the Family Through a Private Trust Company with Matt Tobin

Today, I am pleased to welcome Matt Tobin, President and Chief Operating Officer for South Dakota Trust Company (SDTC) and President of SDTC Services. SDTC Services provides consulting and corporate services to the non-depository trust company industry, and as President, Matt is primarily responsible for managing the Company’s Private and Public Trust Company client relationships. He serves as a board director and committee member for several private and public trust companies, is member of the Board of Managers for SDTC, and Board of Directors member for the South Dakota Trust Association.

Matt is the author of many influential publications on Private Trust Companies and has delivered numerous speeches and presentations on the topic, including at the Purposeful Planning Symposium, the Heckerling Institute on Estate Planning, Georgetown Law Center, and the Jackson Hole Financial Professionals’ Symposium, to mention just a few. He is also a frequent speaker at FOX forums, webcasts, and workshops, and is guest faculty at the highly popular FOX Private Trust Company Workshop.

The focus of today’s conversation is on Private Trust Companies (PTCs) as a legal construct to organize and administer multigenerational family assets and professionalize the governance of complex enterprise families. Matt covers basics, including what is a PTC; why were PTCs created; and how they function? He then describes how enterprise families are using PTCs today and explains why they are becoming more and more popular. He goes over the use cases and challenges PTCs can help address for multigenerational families.

For families who are exploring the topic and thinking about utilizing a PTC, Matt offers some valuable practical tips and suggestions that can help them avoid common pitfalls and make the process of researching or establishing a PTC a smooth one. He also provides many pointers and tips for families who already have a PTC to help them ensure they are making the most of this investment and the structures and tools it provides.

Do not miss this rich and informative conversation with one of the foremost experts on Private Trust Companies in our industry.