Private Trust Companies

Private Trust Company (PTC) is a privately owned company whose sole purpose is to act as trustee in relation to a specific trust or trusts.  A PTC does not provide trust services generally, and it will be a condition that it must not solicit business from the public at large.

The most common use of a PTC is to act as trustee of a purpose trust or a discretionary trust which holds shares in a family company.

Advantages of using a PTC

  • The board of PTC can be tailor-made and can be changed flexibly
  • Family control, privacy and greater protection from liability
  • Family members are directly involved in decision making processes
  • Immediate and long-term tax planning advantages
  • Costs are generally lower
  • Elimination of trustee succession issues



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