Private Trust Companies: A Strategic Tool for High-Net-Worth Families
Private Trust Companies (PTCs) have become preferred for managing family wealth and assets. Offering a blend of control, flexibility, and confidentiality, PTCs are increasingly favored by high-net-worth families looking to preserve and grow their wealth across generations. This article delves into the benefits and considerations of establishing a PTC, providing insights into its operational framework, advantages, challenges, and jurisdictional nuances.