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- W1991429243 abstract "The existence of private trust companies in the jurisdiction has, in recent years, become an important factor in attracting clients to that jurisdiction. Although private trust companies are not a new idea, they have been frequently restricted to those with a high minimum capital which has not made them worthwhile for some trusts. The attraction of a PTC is that the settlor can establish his own trustee as a separate legal person and thereby, probably in conjunction with beneficiaries, enjoy more involvement in the trust's administration. The representation of the settlors and beneficiaries on the board of the directors of the PTC should avoid many of the conflicts which might arise between settlors and beneficiaries and the trustees. Naturally, a PTC must exercise its responsibilities in an independent manner and not merely follow the whims of the settlors and beneficiaries. In addition to PTCs providing families with a greater level..." @default.
- W1991429243 created "2016-06-24" @default.
- W1991429243 creator A5008235985 @default.
- W1991429243 date "2007-04-09" @default.
- W1991429243 modified "2023-09-25" @default.
- W1991429243 title "The Bahamas: New legislation to accommodate private trust companies ('PTCs')" @default.
- W1991429243 doi "https://doi.org/10.1093/tandt/ttm007" @default.
- W1991429243 hasPublicationYear "2007" @default.
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