The Private Trust Company (PTC)

1. The Private Trust Company (PTC) In these situations where you conscious to disburse property in the trust to multiple receivers in particular proportions, you may use an alternative of a simple trust cry a fixed trust. The Private Trust Company (PTC) acts as a trustee only for that family's set of trusts and so it is possible to have family members sitting on the board of the Private Trust Company Uk. The structure of a Private Trust Company enables family members or trusted advisers to be involved in the decision - making process by becoming directors or consultants to the PTC. Trustee choices are taken by the committee of Directors of the "PTC" with family members also good to sit on the Board. With a Private Trust Company typically all that is required is a change of directors or the termination of a trust legal adviser. Trust assets must be selected as such and separate from a trustee's individual property and from the assets the trustee force hold in trust for others. Trustee - Trustees are natural or legal persons who hold the title to the assets and manage the trust, but they cannot benefit from it. If two or more trustees are appointed, they always hold the title to trust property in Joint Tenancy with the Right of membership. Any client who has the legal capacity to catch, hold, and administer asset for her individual use property in the trust. Although bonds, stocks, and deeds are the most usual types of trust property, any assets interest that can be directly shifted by the settlor can be carried in trust, Copyrights, including Patents, and Trademarks.