The creation of a Private Trust Company is attractive because it allows family members to be involved, on a formal basis, in the Trustee’s decision-making.
Subject to tax considerations, it is possible for one or more senior family members to be directors of a Private Trust Company, whose purpose is to act as Trustee of specified Trusts. As directors, these individuals are able to participate in all aspects of the administration of these Trusts, particularly in important matters such as investment and distribution policy.
Jersey Law and Regulation treats Private Trust Companies favourably, provided that their administration is conducted through a regulated service provider.
Leumi is such a provider and is able to create and administer Private Trust Companies for clients with these structures often being at the core of Family Office planning.
