Why is a Malta PTC Attractive?
Posted: Wed Feb 19, 2025 11:00 am
The Private Trust Company (PTC), is a concept introduced into Maltese law in 2014. PTCs offer high net worth individuals and their families, a tailor-made solution for their estate and succession planning.
Such solutions give families the possibility to manage their own estate, through a bespoke estate planning tool, to suit their specific needs.
Benefits of a PTC
A PTC is a trustee, acting for a family trust, which is the corporate equivalent of a private individual trustee. Malta can therefore offer an alternative to the more traditional and common professional trustee/administrator or individual private trustee.
Malta PTCs are considered to be an attractive option to incorporate within a family nepal mobile database estate succession plan, due to the simplicity and speed of the registration process.
Another advantage of a PTC is that it allows a degree of family involvement in the administration of the trust. Family members may be appointed to the board of directors of the PTC. Those involved in the management of the assets will have better knowledge of the asset performance in the trust and the flow of information can also be improved, via the board. Information relating to the family trust, can easily be shared with the family members.
Such solutions give families the possibility to manage their own estate, through a bespoke estate planning tool, to suit their specific needs.
Benefits of a PTC
A PTC is a trustee, acting for a family trust, which is the corporate equivalent of a private individual trustee. Malta can therefore offer an alternative to the more traditional and common professional trustee/administrator or individual private trustee.
Malta PTCs are considered to be an attractive option to incorporate within a family nepal mobile database estate succession plan, due to the simplicity and speed of the registration process.
Another advantage of a PTC is that it allows a degree of family involvement in the administration of the trust. Family members may be appointed to the board of directors of the PTC. Those involved in the management of the assets will have better knowledge of the asset performance in the trust and the flow of information can also be improved, via the board. Information relating to the family trust, can easily be shared with the family members.