How can a Private Trust Company (PTC) enhance family control over a trust structure?
Short answer
The guide to using a Private Trust Company (PTC) to retain family control over trust management and distribution decisions.
Detailed answer
A Private Trust Company (PTC) is a corporate entity established solely to act as the Trustee for a single-family group's trusts. This structure allows the family members themselves (or their nominated advisors) to sit on the board of the PTC, thereby retaining a significant degree of control over the management, investment, and distribution decisions of their trusts, while maintaining the legal integrity of the trust itself.