Case Study: Clarke Family streamlines trust structure and reduces tax risk with Pitcairn

Clarke Family streamlines 80+ trusts over 20 years with Pitcairn

The Clarke family faced a complex challenge with an unwieldy estate plan consisting of over 80 tangled trusts, a flaw in the trust structure that created a potential future tax liability, and undefined roles for younger generations. To address this, they engaged the wealth management firm Pitcairn.

Pitcairn's solution was to streamline the trusts from over 80 down to 27, implement compliance best practices, and help define family roles. This resulted in significant cost savings and a reduced risk profile for the family. Over their 20-year relationship, Pitcairn also became the family office, adding governance structures and improving communications, which provided the family with both financial and emotional benefits.

Clarke Family