Private Trust Companies

A trust arrangement may provide a solution to estate or tax planning needs, but some clients may be concerned about loss of control.

Settlors or their representatives can retain control as a protector or co-trustee, subject to assessment of tax and fiduciary risks by establishing a Private Trust Company (PTC).

With appropriate planning the client or their representative can have a voice on the board of the PTC without compromising its tax or fiduciary status or its place of effective control.

In some jurisdictions, PTCs may apply for exemption from licensing and regulation provided that they act as trustee on behalf of one family group, receive no income, and engage a licensed trust company to ensure prudent management and administration.

Newhaven provides comprehensive support services to PTCs as part of our range of ‘family office’ facilities. We work with clients and their professional advisors to recommend bespoke solutions and provide comprehensive administration.

Where appropriate, we can propose and introduce suitably qualified individuals to act as directors of PTCs.

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