Private Trust Companies

Private trust companies are established with the sole purpose of acting as a corporate trustee to a trust or a number of trusts, provided those trusts are "connected".

Private trust companies are commonly used by high net worth families in their wealth structuring for a number of reasons. They protect confidentiality, they provide a comprehensive framework under which family members can be involved in decision making (by being on the board of the private trust company), and they can avoid the complications of succession when either incorporated as a Cayman Islands foundation company or used in conjunction with a STAR Trust (explained below).

The speed at which a private trust company can be established, and the relatively low cost of operation have made private trust companies extremely attractive to high net worth families and their advisors.