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Private Trust Company

Related terms: bespoke trustee, family trustee, tailored trust company, family-controlled trustee, multi-family trustee

What is a Private Trust Company (PTC)?

A Private Trust Company (PTC) is a bespoke legal entity established to act as trustee for a family’s trusts. Unlike corporate trustees, a PTC provides a tailored solution, allowing the family to maintain control over decision-making, enhance privacy, and implement customised governance structures. PTCs are particularly suited for high-net-worth families seeking to preserve wealth across generations while aligning the administration of trusts with their values and objectives.

Different Types of Private Trust Companies

PTCs can be structured to meet the unique needs of families and their trusts:

single-family ptcs: These entities are dedicated to serving the trust needs of one family, providing personalised control and governance.
multi-family ptcs: Designed to manage the trusts of multiple families, offering shared resources while maintaining privacy and flexibility.
discretionary ptcs: Allow the family-appointed board or trustees to make flexible decisions based on family requirements or market conditions.
non-discretionary ptcs: Operate under clearly defined rules and directives, limiting decision-making powers but enhancing compliance and consistency.

Each type of PTC is customised to the family’s structure, jurisdictional requirements, and specific governance preferences.