The author addresses the development and growing use of private trust companies (PTCs) by high net-worth persons and their families for estate-planning purposes, and discusses three options for the ownership and management of these 'family office' structures. The article explores direct ownership and management of the PTC by the client and indirect ownership using a purpose trust, which is the most popular method and concludes by introducing a new approach utilizing a Nevis multiform foundation.
机构:
ICFAI Business Sch IBS, Dept Finance & Accounting, Hyderabad, Telangana, IndiaICFAI Business Sch IBS, Dept Finance & Accounting, Hyderabad, Telangana, India
Potharla, Srikanth
Shette, Rachappa
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Indian Inst Management Kozhikode, Kozhikode, Kerala, India
Indian Inst Management, Kozhikode 673570, Kerala, IndiaICFAI Business Sch IBS, Dept Finance & Accounting, Hyderabad, Telangana, India
机构:
Univ Ljubljana, Fac Econ, Ljubljana 61000, Slovenia
Univ Ljubljana, Inst S Eastern Europe, Ljubljana 61000, SloveniaUniv Ljubljana, Fac Econ, Ljubljana 61000, Slovenia
Cvelbar, Ljubica Knezevic
Domadenik, Polona
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机构:
Univ Ljubljana, Fac Econ, Ljubljana 61000, Slovenia
Univ Ljubljana, Inst S Eastern Europe, Ljubljana 61000, SloveniaUniv Ljubljana, Fac Econ, Ljubljana 61000, Slovenia
Domadenik, Polona
Prasnikar, Janez
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Univ Ljubljana, Fac Econ, Ljubljana 61000, Slovenia
Univ Ljubljana, Inst S Eastern Europe, Ljubljana 61000, SloveniaUniv Ljubljana, Fac Econ, Ljubljana 61000, Slovenia