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### Providing the Information and Tools You Need to Manage Trusts
# The Time Has Arrived
As private trusts gain traction in distribution of wealth, the role of Trustee has never had more prominence or risk exposure. Now, our membership organization delivers programs and services aimed directly at Trustees.
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### The Role of the trustee
# Who Should Consider Membership?
!
As private trusts gain traction in distribution of wealth, the role of Trustee has never had more prominence or risk exposure. Now, an organization delivers programs and services aimed directly at Trustees.
# Private Trust Consortium
#### 
PTC equips you with reliable information you need as a Trustee along with expert guidance, exclusive programming, and customized risk mitigation.
A PTC exclusive, use a Chubb-underwritten policy to protect your private trust and your actions as Trustee from substantial underlying risks.
Membership entitles you to access and discounts on content, programming, and services that cater to the evolving dynamics of trusts and Trustees.
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# Annual Membership
Private Trust Consortium members receive thousands of dollars’ worth of resources annually to help them navigate the myriad complexities and hidden risks of trust administration.  The founders of The Private Trust Consortium believed it was time for an organization that can give individual trustees the information and tools they need to successfully administer private trusts.  Although it is easy for corporate trustees to provide these things to their professional trust officers, most individuals are unprepared for the job, and they have no place to go to find out what they are supposed to do and how they can protect themselves and the trusts they serve from the substantial risks that can be part of the job.
Specifically, in addition to having access to a professional network of trust administration colleagues through the PTC online Membership Community, members also receive unlimited access to PTC online educational materials, on-demand continuing legal and professional education certificates, jurisdiction specific resources, participation in the “Ask the Founders” series, invitations to virtual and in-person seminars and event, discounted rates on trust insurance policies (offered exclusively through Chubb), and discounted rates on the full suite of PTC back-office trust administration services. Details of the benefits and value are outlined below.
Whether you are advisors, trustees or beneficiaries of private trusts, there is membership value for all with the Private Trust Consortium. Ask yourself, “what do you ***not*** know?” when it comes to private trust advising, administration, management, most importantly risk.
### Your Role
## In Your Role as a Trustee, You Need Trusted Advice
Many, if not most, Trustees enter the role with little or no related knowledge or experience. Even if you’re an attorney, accountant, or financial advisor, the high-stakes of private trusts, combined with their intricacies and risks, make them a tricky business … for anyone.
It probably won’t surprise you, then, that the role of Trustee is accompanied by significant risk—for you personally, for your employer, and for the trust itself.
How do you get expert advice, reliable information, relevant programs and services, and protection against risks that have a way of finding those who are unprepared?
You get all of that and more as a member of the Private Trust Consortium.
### Your Risk
## Understand Your Role & Associated Risk
Chances are high that you are successful in your business or line of work. That’s because you know that terrain. You have experience. You have a go-to network of colleagues on whom to trust for counsel. When a problem or challenge surfaces, you have any number of resources you can access to get answers. You likewise have insurance of some variety that protects you, your business, and your clients against the risks that lurk behind every corner. And you otherwise know how to avoid those risks.
In your role as a Trustee, you’re on decidedly unfamiliar terrain. As they say, “you don’t know what you don’t know.” Now, throw the inherent complexities of trusts and their significant tax implications together with the self-interests of beneficiaries and the emotions attached to estate management, inheritances, and other key elements of trusts. That’s a dangerous place to be.
The Private Trust Consortium will help you mitigate your risk:
* With an exclusive, Member-Priced Insurance Policy through CHUBB, constructed specifically to align with the unique circumstances and associated risks of private trusts.
* With an A.I.-enabled, member-discounted Onboarding System that assesses a trust’s and a Trustee’s risks, showing you areas of potential catastrophe and recommending specific steps to avoid them.
* With Webinars and Educational Programing led by genuine authorities within the world of trusts, which lets you avoid risks in the first place.
* And with a growing Library of Resources and other member benefits that equip you with the market intelligence, networking opportunities, and knowledge that allows you to make decisions and otherwise manage trusts in a manner that aligns with best practices.
## PTC Membership Benefits and Value
| Membership Benefits |
| --- |
| **Onboarding Report** The PTC Onboarding Report is designed to provide you, the trustee, with the information you need to successfully understand and manage your trust in today’s demanding environment. Your unique Onboarding Report will highlight your responsibilities and help identify and provide a qualitative analysis of potential risk you will face in your fiduciary and administrative role as trustee. |
| **Trustee Liability Coverage** Trustees’ Professional Liability coverage is afforded to natural persons in their individual capacities as trustees, and it is available to individual trustees even if they are not being compensated for their services as trustee.   Offered exclusively from Chubb, Professional Liability insurance for Trustees coverage is tailored to the unique exposures of trustees overseeing a variety of trusts. This was negotiated and designed by PTC on behalf of its members |
| **Access to PTC Founders & Community** PTC members have access to the “Ask the Founders” section, where members can submit questions for analysis and discussion by not only the Founders, but the PTC Community - whose years of knowledge, litigation and experience provide real-life examples. |
| **Trustee Manual** PTC created this Trustee Manual for its members to give useful and practical advice. It is not intended to be legal advice, and it does not substitute for the recommendations of a qualified attorney. However, we recognize that individuals who find themselves serving as trustees come from a wide variety of backgrounds with different levels of knowledge about trusts and their workings. This is a great place to “start” to get a quick understanding about what trustees should do in many different situations. |
| **Online Continuing Education**  In 2024 PTC will roll out on-demand continuing education totaling 12 hours of continuing education. |
| **Access to Practical Resources** PTC has built a library of resources and legal analysis to guide the unique situation you find yourself in as a Trustee. |
| **Per Membership Fee: $149/annual** |
**Up to 25% off on 5 or more accounts!** Complete our interest form for a custom quote.
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The Private Trust Consortium
1790 38th Street
Suite 207
Boulder CO 80301
8370 East Via de Ventura
Suite K210
Scottsdale AZ 85258
# What are Trusts?
Trusts are a common tool used to transfer wealth. Trusts are administered by Trustees for the exclusive benefit of the beneficiaries. Among the responsibilities of a Trustee are protecting the assets in the trust, supervising the investment or management of the assets, and distributing the assets in according with the terms of the trust.
For a variety of reasons, managing Trusts can be a complicated and risky proposition. Among the complications and corresponding risks include:
* A variety of complex provisions and strategies,
* Constantly changing laws in multiple jurisdictions,
* Complicated and sometimes contradictory tax laws
* Beneficiaries with conflicting interests and desires
* “Family Dynamics” and “Changing Cultural Norms”
* Reliance upon the performance of 3rd parties
The role of Trustee often is thrust upon an individual with little advance notice when a friend, family member, or client asks them to undertake the duty. As a result, many individual Trustees are not prepared for the role and they’re not equipped with specialized training or experience.
That, in large part, was the genesis of the Private Trust Consortium, to serve the needs of Trustees who need education, training, and other supporting programs to support the important role they are playing to manage the affairs and activities of Private Trusts.
# About PTC
The Private Trust Consortium is dedicated exclusively to providing trustees with the education and tools they need to successfully manage trusts.  While we have found that there are many compilations of the law relating to trusts and many organizations that provide education and training to the practitioners who draft trusts, we have discovered that there are very few organizations dedicated exclusively to the study of the practical problems encountered by the brave individuals and institutions who accept the responsibility of administering a wide variety of trusts that are created to fulfill many different purposes for a diverse pool of settlors and beneficiaries.
Much of the “knowledge” related to the administration of trusts is literally “stored in the heads” of the men and women who have administered trusts for many years and who have developed an innate understanding of the problems they face based on their personal experiences.  Many of these professionals have spent a good portion of their lives trying to understand what the drafters of different trusts – drafted in many different times in many different places – intended when they set forth the terms of the trusts and how they would have wanted these provisions to apply to beneficiaries that probably did not exist when the trust was created in a world that is entirely different.  And they have had to do this while many people and institutions with a vested interest such as charitable and individual beneficiaries, family members, tax authorities, governmental agencies, and lawyers were looking over their respective shoulders, happy to second guess whatever decision they might have made.
As the world “gets smaller” and as the tax laws, trust provisions, the laws governing trusts and governmental regulations get more complicated, we believe it is time for an organization like The Private Trust Consortium.  The Private Trust Consortium will become the repository of the knowledge accumulated by the men and women who have had the day-to-day responsibility for managing these trusts before these people leave the stage, taking their knowledge with them.  This will keep this knowledge from disappearing, and it will allow The Private Trust Consortium to apply modern technology such as Artificial Intelligence and Data Science to organize and preserve this knowledge in a way that will enable it to be used by the people who follow in their footsteps.
The PTC was founded in 2020 by William C. Waller, Jr. Esquire,  and Dennis E. Channer, CPA, CFP, AEP. PTC is governed by a Management Committee who oversees the day-to-day operational activity of the organization.
### Press Releases
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# Founders
#### William C. Waller, Jr., Esquire
Founder
William C. Waller, Jr., (Bill) practiced law for more than 40 years in the Denver area and retired as a partner in the Denver office of Ryley, Carlock & Applewhite in 2018 before co-founding The Private Trust Consortium in 2020. Bill was lead counsel in countless cases tried at the state and federal level involving contested wills, trust and estate administration, and income and estate taxes. Many of Bill’s high-profile cases received coverage in media outlets such as “60 Minutes,” The New York Times, the Washington Post, and Newsweek. Bill’s expertise brought him to the U.S. Congress, to federal Circuit Courts of Appeal, and to the U.S. Supreme Court, typically related to the complexities and intricacies of trusts and their inevitable intersection with tax law. Bill is a proud graduate of the U.S. Air Force Academy and received a J.D. from The Cornell Law School.
#### Dennis E. Channer, CPA, CFP, AEP
Dennis E. Channer is a managing principal at the Denver-based Cornerstone Investment Advisors where he and his team deliver financial planning and wealth management services to a selection of high net worth clients. Previously, Dennis was Executive Vice President for Portfolio Management Consultants, Managing Director of Private Wealth Management and Chairman of Investors Independent Trust Company, and Managing Principal of Channer & Co. In each role, Dennis was closely involved with investment and wealth-transfer strategy, which brought him sustained and intimate familiarity with the construction and execution of private trusts. Dennis is a graduate of the Metropolitan State University of Denver. He is a Certified Public Accountant, Certified Financial Planner, and an Accredited Estate Planner.
# CEO
#### David H. Long, J.D.
CEO
David H. Long (Dave) has 30 years of experience overseeing the administration of trusts and estates for international and regional corporate trustees, and as a practicing attorney serving clients in their estate, tax and business planning.  Previously, Dave held positions of CEO and Vice President for Zia Trust, Inc., including oversight of its new and rapidly-growing Arizona office, and as Senior Vice President of The Northern Trust Company and Manager of Estate Settlement Services for its West Region.  He has managed the trusteeship of all types and complexities of trusts, to include dispute and tax resolution for estates and trusts before the courts and with the I.R.S. and state and foreign tax authorities.  He has served families and businesses nationally and around the world.  Dave is a member of the Illinois and Arizona State Bar Associations, the Arizona State Bar Probate and Trust and Tax Sections, and the Maricopa County Bar Association Estate Planning, Probate and Trust Section.  Dave has served on numerous committees and boards, and most recently as Director for the Central Arizona Estate Planning Council.
## Management Committee
#### Matthew T. Clarke, Esquire
#### William McManus, Esquire