Why Frontier Administrative Services?
A private family trust company is the pinnacle of personalized and efficient trust management.
Tailored to meet the exacting needs of individuals and families, these entities provide comprehensive fiduciary services while affording families greater control, flexibility and confidentiality. Acting as a trustee, the PTC is responsible for overseeing the management, protection and distribution of assets according to the terms of an established trust document or a new trust created after the formation of the PTC. This unique approach enables clients to maintain a direct influence over their financial legacies, benefit from specialized expertise, encourage multi-generational education and participation, and capitalize on Wyoming-specific advantages. A PTC combines customized trust management with family empowerment, fostering a secure environment for wealth preservation and multi-generational engagement.
A favored state for wealth protection.
Wyoming is one of only a few top-ranking trust situs states that allows for the formation of regulated as well as unregulated PTCs.
This gives Frontier and Long Reimer Winegar LLP the widest of latitudes when it comes to helping a family select and form the most appropriate type of Private Trust Company.
Wyoming’s favored status stems from a combination of low taxes, advantageous trust statutes and asset protection laws, and a state legislature that is consistently friendly to and proactive when it comes to wealth-protection.
We’ll take care of the details.
Frontier’s cost-effective approach is designed for clients who want to take a hands-on approach to their own trust administration, clients who have one or more trusted advisors or a family office, or clients who value the increased privacy, flexibility and bespoke nature of a private trust company.
Frontier offers a comprehensive and cost-effective approach to the ongoing administration of private family trust companies. In order for a family to avail itself of the benefits and protections granted by Wyoming law, a basic nexus or ongoing relationship with the state of Wyoming must be established and maintained. Frontier assists in all necessary administrative requirements to keep your Wyoming PTC functioning.
Our services include:
Providing a shared office space in Jackson Hole or Cheyenne, Wyoming
Providing one or more shared Wyoming employees to act as assistant secretary of the PTC
Maintenance of a corporate minute book
Storage of original trust documents
Reminders for your PTC’s annual corporate meetings, and coordination with legal counsel to ensure timely preparation of annual meeting minutes
Support for annual meetings of your PTC held in Jackson Hole or Cheyenne, Wyoming
Set up and maintenance of a local checking account for your Wyoming Private Trust Company
Timely payment of PTC-related expenses
Coordination of payment of U.S. Federal Payroll taxes and Wyoming Workers’ Compensation and Unemployment Insurance premiums
Preparation of all tax filings with respect to Wyoming Workers’ Compensation and Unemployment Insurance and U.S. Federal Payroll
Coordination with legal counsel to ensure timely annual renewal with respect to your office space rental agreement and/or employment agreement
Coordination with all Wyoming service providers including those involved in asset custodianship, accounting, legal, investment advisory, and insurance matters
Frontier Administrative Services LLC does not provide legal advice with respect to any matter.