Private Trust Companies (PTCs)

Private Trust Companies (PTCs) are established with the sole purpose of acting as a corporate trustee to a trust or number of trusts (provided there is a shared common interest).

We have extensive experience working with families and their advisers on the design and implementation of PTC structures and we perform a range of services in this context, from assisting with the incorporation and ongoing administration of PTCs to the provision of directors to sit on the board of a PTC.

Increasingly popular in more sophisticated structures, a PTC structure is generally used by families who wish to manage their own trustee company, usually with the assistance of a professional trustee, family members and trusted advisers.

Like any other company, a PTC is run by its board of directors which can be populated with those with an in-depth knowledge of the family’s business and financial affairs and who, together, are best placed to make decisions regarding the underlying trust assets.