Archives: Family Trust Company

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The Donor Advised Fund Alternative to a Family Foundation

By William J. Culbertson on August 31, 2016 Posted in Family Trust Company

There are several gifting vehicles that provide donors and their families with the opportunity to participate in their philanthropy on an ongoing basis. Frequently, families will consider creating and funding a private family foundation or, in special circumstances, an organization that supports one or more public charities. A cost-efficient option for many families is to … Continue Reading

Governor Kasich Signs House Bill 229 to Create Ohio Family Trust Company Act

By Robert R. Galloway on June 16, 2016 Posted in Family Trust Company

On June 14, 2016, Governor Kasich signed House Bill 229 into law. The bill, which was over two years in the making, allows an Ohio family to establish its own trust company to serve as trustee for its family trusts. The legislation, co-authored by Rob Galloway of BakerHostetler’s Private Wealth Team, had been through a … Continue Reading

Family Trust Company Legislation Passes Ohio House

By Robert R. Galloway on December 16, 2015 Posted in Family Trust Company

On December 9, 2015, House Bill 229 was passed by the Ohio House of Representatives by a vote of 84-8. The bill, which was almost two years in the making, allows an Ohio family to establish its own trust company to serve as trustee for its family trusts. A companion bill is being considered by … Continue Reading