As global transparency rules tighten and tax authorities increasingly "look through" traditional trust structures, the trust industry finds itself under pressure to evolve. Are we seeing a decline in the traditional trust model, and a rise in alternatives like private trust companies, private foundations, or fully integrated family offices? This session will examine how recent UBO and tax disclosure requirements are reshaping client expectations and trustee responsibilities. We’ll also explore the benefits and risks of PTCs, including emerging litigation issues, and ask whether the future lies in hybrid or entirely new wealth structuring models.