Guide to Private Trust Company (PTC) structures in Guernsey
A PTC structure is a trust structure used by high net worth individuals wishing to establish and manage their own trust company, usually with the assistance of family members and trusted advisers.
A PTC is a privately owned company incorporated specifically to act as trustee of one or more family trusts. Like any other company, a PTC is run by its board of directors, who in the case of a PTC make the trustee decisions. Whilst run by the board of directors, PTCs (and the underlying trust for which they act as trustee) are usually administered by a professional trustee who is experienced at carrying out trust and corporate administration.
PTC structures are very flexible and can be modified in a variety of ways to accommodate the particular needs of a client…
If you are registered and logged in to the site, click on the link below to read the rest of the Appleby briefing. If not, please register or sign in with your details below.
News from Appleby
News from The Lawyer
Briefings from Appleby
Family disputes over the provisions of a will are a relatively common occurrence in Bermuda courts.
The Royal Court has had to consider the impact of the regulatory regime in Jersey under the Data Protection (Jersey) Law 2005 upon online blog sites.
Analysis from The Lawyer
The past quarter has been busy for the offshore sector as firms have looked to capitalise on globalisation, while workflow has remained high
Business is booming in the Isle of Man, a small jurisdiction that thinks big