Private Trust Companies in Jersey

Karen Grieve, a Senior Manager in Volaw's Wealth Structuring Group, discusses the benefits of a structure that may be attractive to wealthy families.

A Private Trust Company ("PTC") is a useful vehicle to consider in the planning and establishment of trust services for wealthy families, and is one of various vehicles including a Family Office, Family Limited Partnerships and Foundations that can be considered for alternative wealth planning solutions. 

A PTC is a company that is set up for a single purpose, which is to be trustee of a particular trust or group of trusts for the same family. It has no value other than the value of its paid-up share capital, is administered by a board of Directors who may be chosen from the settlor, members of the settlor's family, the beneficiaries, the professional Trustees (such as Volaw) and advisors.