Private Client Services
Private Trust Companies
Sometimes ceding control of your assets can be difficult.
For settlors who wish to retain an active role in the administration of their assets, a Private Trust Company can be an interesting alternative.
A PTC typically will act as the Trustee of a family Trust and the board of the PTC will consist of various parties. These can be investment professionals and trusted advisors and crucially, can also include the Settlor and/or family members. When implemented with care and diligence the inclusion of such parties on the board of the PTC can often help to allay any concerns that the Settlor may have about the administration of their assets without creating any complicated cross border taxation problems.
In Guernsey it is possible for a PTC to apply for an exemption from licensing providing that certain conditions are met, one of which is the appointment of a local licensed Fiduciary to the board of the PTC.