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ARTICLE · 13 APRIL 2022

Trustee Knowledge Series: Masters Paper One: Ptc Structures

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PTCs (more fully referred to as Private Trust Companies) are what their name depicts, privately owned companies that act as trustee of one or more family trusts.

JerseyCorporate/Commercial Law
David Dorgan
David Dorgan
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"It's better to own the racecourse than the racehorse" (unknown)

WHAT ARE PTCS?

PTCs (more fully referred to as Private Trust Companies) are what their name depicts, privately owned companies that act as trustee of one or more family trusts. The PTC structure (see typical example below) has seen increasing popularity amongst UHNWIs wanting to have their own trust company act as trustee of the family trusts, albeit with the assistance of a professional trustee.

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 it acts as trustee) are usually administered by a professional trustee with experience in trust and company administration.

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