Wealth succession is a private matter for families and some families who appreciate the benefits of a trust arrangement in their succession planning would rather retain control over their wealth, at least during their lifetime, than to hand it over to a Trustee. In this regard the Private Trust Company (“PTC”) is a useful tool enabling the family to retain complete control of the wealth by incorporating its own PTC which can be managed by the family to provide trusteeship over the family assets under trust, with the support of a Licensed Trust Company to meet it’s the statutory regulatory oversight and compliance obligations and to assist in the administration of the structure where required.