First Published by Globe Law Business
Private Trust Companies: A Handbook for Advisers
Appleby have contributed to a new publication titled "Private Trust Companies: A Handbook for Advisers", published by Globe Law and Business that puts the spotlight on the island's offering as a world-leading jurisdiction for the establishment of private trust companies.
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.
Bermuda is featured prominently with a chapter on ownership and governance structures of private trust companies co-authored by Partner Vanessa Schrum.
Vanessa Schrum said: "Appleby was pleased to contribute to the chapter on ownership and governance structures of private trust companies, which illustrates how these companies are owned, structured and decisions are made. This publication is very timely as wealthy families and organisations review trust structures following the impact of the global pandemic and seek to base structures in highly regarded, well-regulated locations."
Vanessa added: "Bermuda features highly in the book and is touted as being one of the top six jurisdictions outside the US in which to form a private trust company, due primarily to Bermuda's favourable legal and regulatory environment, developed legislation and good courts."
This book is available in hardback format, and also as an e-book.
To order a copy, see https://www.globelawandbusiness.com/books/private-trust-companies
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.