A Trust Company is a business entity organized specifically for entering into Fiduciary, Trustee or Agent relationships with individuals or organizations to administer assets. It may act as a portfolio manager, executor, guardian, trustee, custodian of assets, fiscal agents and paying agents for corporations and governments who have issued bonds and provide services such as estate planning, stock registration, share transfer, etc. Trust Companies frequently have numerous other financial powers which are only limited by the jurisdiction in which they are established. Trust Companies are not required to exercise all of the powers that they are granted.
In general, a Trust Company is usually owned by one of three types of structures: an independent partnership, a bank, or a law firm. It is frequently seen as an effective alternative to bank ownership. The primary benefits are asset protection (either corporate
or personal) and resolution to specific or unique business problems.
Jurisdictions of Preference:
- British Virgin Islands
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