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The terms of the trust service are the duties and powers of the trustee and the rights of the beneficiary conferred by the Private trust company.
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Protect Your Assets by Private Trust Company Private Trust Company (PTC) are established with the sole purpose of acting as helps control your property (money, land, investments, or buildings).
The terms of the trust service are the duties and powers of the trustee and the rights of the beneficiary conferred by the Private trust companies (PTC) when he makes the trust. This work of investment is managed by the Private trust companies' directions in the trust document, court orders, the consent of the beneficiaries, or statute.
Thirdly there is zero taxation on the Private trust companies (PTC) and on the Trust and the Trust can be made with no beneficiaries named except the "default" beneficiary ( like a charity for example ) For example, you may create an interest - in - possession of trust, where you designate your wife as the income beneficiary, your children as capital beneficiaries, and all your shares as the trust assets.
Every Private Trust Company UK of four distinct elements: an intention of the settlor to create the trust, a res or subject matter, a trustee, and a beneficiary. In the example above, your friend would be the trustee, your money would be the trust property, and you did be the beneficiary - the person who benefits from the trust.
