The memorandum discusses the potential creation and operation of a private trust company (PTC) for the Black family to manage their trusts. It outlines the benefits, governance, and tax implications of establishing a PTC, particularly in Nevada, to manage substantial family assets and ensure continuity in financial and charitable legacies. The memo also addresses state tax issues and proposes mechanisms for potential future changes in trustee arrangements.
documents/EFTA01128249.pdf
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