Bedell Trust group has considerable experience in establishing and maintaining private trust companies, offering a settlor the possibility of creating an independent trustee company with a discreet board tailored to suit the circumstances and requirements of the settlor and beneficiaries.
Private trust companies are increasingly used in more sophisticated private wealth scenarios and often in connection with trusts holding significant family assets such as family companies. They are often structured to allow the family involved to retain a degree of involvement with the decision making process and they may also permit family members and advisers to take an active and direct role in the control and management of the trust's affairs. This may be attractive in scenarios where younger members of the family are introduced to the management of family wealth alongside a group of experienced professionals (the degree to which this is achievable will depend, inter alia, on the tax position of the individuals involved). They may also offer estate planning advantages.
Bedell Trust Jersey, Bedell Trust London and Bedell Trust Suisse, works closely with clients' advisers and where appropriate the law firm Bedell Cristin, part of Bedell Group, are able to assist clients with the setting up and administration of Private Trust Companies.