Why use a PTC?
Avoiding trusteeship changes
PTCs avoid the need for future changes of trusteeship. Instead, only the management agreement between the PTC and the licensed administrator would need to be terminated and a new agreement entered in to.
Professional trustees are always aware of their liability. As a result, professional trustees are reluctant to take ownership of assets or participate in ventures where substantial risk may be present.
PTCs mean that you, and your family members, have more control over trust affairs without compromising the validity of the family trusts.
PTCs can make confidential philanthropic payments whilst ensuring the person managing the structure understands their thought process in providing for such causes.
Ownership of the structure can remain confidential when structured with the use of, for example, a purpose trust.
PTCs are likely to be more flexible and agile when dealing with trust assets, as well as easier to manage.