Private trust companies

A Private Trust Company (PTC) is a company that acts as trustee for a particular family trust of other related trusts.  It allows families to professionally manage their businesses without compromising the validity of the trust structure.  Tailored trust companies are established to meet specific demand while keeping traditional family values.

Advantages of the PTC include:

• Control – Family members are closely involved with the administration of the trusts and its  assets.  This allows them to have influence on how the trust is administered.

• Privacy – If board members are family members or trusted advisors, information regarding  the trust and family affairs becomes more restricted.

• Continuity – This structure makes it more for succeeding generations to become board members and have influence and control over wealth management and administration of family members.

• Centralised management of family affairs – Family’s can efficiently manage legal, tax and  financial affairs.

• PTC’s are primarily used for estate planning.  They allow families to plan how their assets  are distributed after death.