PTCs are a big favourite of families who see the benefits of sophisticated wealth structuring but want to retain some control - and might even be viewed as a risk management tool for professional trustees.  But what about the potential pitfalls?  How do you manage: family members or trusted friends on the board; a change in focus or direction when the wealth creator passes on; succession of officers; appropriate holding structures; conflict within the family/board; conflicts of interest and self-dealing issues in larger structures; high value litigation against a trustee with few assets and limited insurance cover? This session will explore the pros and cons drawing on practical experience of issues arising in a litigation context.