Why would you use a private trust company? 

Professional Surveyor Boards » Education » Why would you use a private trust company?

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markbibes
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Joined: 3/31/2021
Topic  Why would you use a private trust company?       Flag »  Reply »
Private Trust Company is important in a number of situations, for example acting as the trustee of a Jersey property unit trust for real estate suggest, but in a private wealth context, they are most often incorporated for the motive of acting as the trustee of a trust or trusts established for the profit of a particular family. Whereas most professional trust companies will not accept single-family members to act as directors of the trustee, the principal advantage of a Private Trust Company is that this is indeed possible. A related benefit over a professional trust company is that the closing will often be wary of allowing the trust benefits to becoming too heavily weighted in one gain. There are ways of drafting a trust to implement so as to give the professional trustee with relief on this front, but a Private Trust Company is often used where, for example, the trust's principal gain will be shared in the family business that the shares be held in the trust for the foreseeable later.
  Wednesday, March 31, 2021 at 5:06:24 AM

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