Private Trust Companies: A Handbook for Advisers, Second Edition

Private trust companies are becoming increasingly important for ultra-wealthy families, offering control and flexibility in trust administration and asset management. This second edition of the Handbook provides a comprehensive guide to forming and operating a private trust company, covering legal, regulatory, and practical aspects. It includes chapters written by leading practitioners and covers key jurisdictions such as Bermuda, the Cayman Islands, Hong Kong, Jersey, and the US. It also addresses organizational and operational issues, such as ownership structure, internal controls, outsourcing, and working with professional advisers. The handbook covers important matters like coordinating with the family office, communicating with family, protecting privacy, and handling disputes. It is a valuable resource for lawyers, accountants, family office executives, and others who advise families on private trust companies.

Format: Hardback
Length: 379 pages
Publication date: 14 July 2023
Publisher: Globe Law and Business

Private trust companies are becoming increasingly significant in the wealth structures of many ultra-wealthy families, providing a high level of control and flexibility in the administration of trusts and the management of trust assets. This edition, written by leading practitioners from firms such as Appleby, McDermott, Will & Emery, and Squire Patton Boggs, explores the legal, regulatory, and practical aspects of forming and operating a private trust company. It examines the relevant law in prime jurisdictions, including Bermuda, the Cayman Islands, Hong Kong, Jersey, and key US states. It also addresses organizational and operational issues such as designing a private trust company's ownership structure, implementing proper internal controls, outsourcing services, and working with professional advisers.

Additionally, it covers important matters like coordinating with the family office, communicating with family members, protecting privacy, and handling disputes involving private trust companies. The second edition of this handbook includes a new chapter on Guernsey, regulatory developments in the Cayman Islands, tax law changes in Hong Kong, legislative developments in Wyoming, and other US states, recent cases relevant to private trust companies, discovery disputes involving private trust companies, and developments concerning beneficial ownership disclosure requirements in the United States and Europe.

This handbook is a comprehensive resource for lawyers, accountants, family office executives, and others who advise families on private trust companies.

Dimension: 240 x 160 x 24 (mm)
ISBN-13: 9781787429611
Edition number: 2 New edition