Private trust companies have become an increasingly popular tool within the wealth planning industry as the advantages of having a private trust company acting as trustee of a group of family trusts have become more recognised. In response to this rise in popularity, the leading offshore jurisdictions have over the past few years either introduced new or adapted existing regulatory regimes to ensure their attractiveness as host jurisdictions for private trust companies.
March 04, 2009 at 09:04 PM
1 minute read
The original version of this story was published on Legalweek
The benefits of private trust companies have been recently highlighted, and overseas jurisdictions are responding with adapted regulatory regimes. Edward Stone details how the rules involved in setting them up have changed
Private trust companies have become an increasingly popular tool within the wealth planning industry as the advantages of having a private trust company acting as trustee of a group of family trusts have become more recognised.
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