Ultra-wealthy families have incorporated private trust companies into
their wealth structures with increasing frequency over recent decades.
Private trust companies can offer greater control over the
administration of the family’s trusts and can provide greater
flexibility in the management of the trust’s assets. For many
families, a private trust company is a natural complement to the
family office, enabling it to include fiduciary services among the
services that it provides to its members. Reflecting the rising
popularity of private trust companies, more jurisdictions have enacted
legislation allowing them. This handbook is a comprehensive resource
for lawyers, accountants, family office executives and any others who
advise ultra-wealthy families on private trust companies. Featuring
chapters written by leading practitioners, it fully explores the
legal, regulatory and practical dimensions of forming and operating a
private trust company. A series of chapters examines the relevant law
in prime jurisdictions including Bermuda, the Cayman Islands, Hong
Kong, Jersey and key US states. Other chapters focus on organisational
and operational issues, such as designing a private trust company’s
ownership structure, implementing proper internal controls,
outsourcing services, working with professional advisers, managing
trust investments and managing inter-jurisdictional activities.
Important matters like coordinating with the family office,
communicating with family, protecting privacy and handling disputes
involving private trust companies are also covered. Contributors
include practitioners from Appleby, Bedell Christin, Carey Olsen,
Cadwalader, Day Pitney, Holland & Knight, McDermott Will & Emery,
Meritus Trust Company, Saffery Champness, South Dakota Trust Company,
Squire Patton Boggs, Walkers, Wickersham & Taft and Withers.
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A Handbook for Advisers
Produktdetaljer
ISBN
9781787423169
Publisert
2020
Utgave
1. utgave
Utgiver
Ingram Publisher Services UK- Academic
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter