Professional Trust Company is a company composed of a team of professionals specialising in wealth planning.
Managing wealth is a complex process, because wealth includes a range of different assets, such as real estate, businesses, financial investments, art and antique collections, collections of jewellery or watches, boats and motor cars.
Wealth management is a risky business, given its complexity, and requires proper planning.
Wealth planning, therefore, is the art of planning and organizing your assets to preserve and optimise them and grow their value, over time, with the aim of transmitting them to the future generations, as well as with a view to tax optimisation.
Sophisticated wealth planning services are gaining importance on a daily basis in this rapidly changing world. Households have become internationalized in recent decades. Children, or other family members, often live, study or get married in different jurisdictions. Divorce rates and second or even third marriages are on the rise, and the following generations often have a completely different view of wealth, compared to the earlier generations that created it.
There are many situations in which all or a part of your assets may be jeopardised and, in the case of larger households, threats may also arise, from different foreign jurisdictions. Without proper wealth planning the value of your family assets might grow at a more sluggish rate, or be threatened or even disappear, in time, for a number of reasons.
Wealth is often built by a single generation. Some studies have shown that without effective wealth planning an estate can disappear entirely over the next three generations. The transfer of wealth to the next generation, on the basis of unscheduled succession, often involves the division of the estate among a number of people, with the risk of its destructive fragmentation.
Other potential threats to family assets, which can waste away large share of your wealth, are, for example, the jungle of regulations and taxes, such as inheritance tax, wealth tax, building or income tax, as well as political, religious or economic instability in various countries, the freezing of assets in the event of death, marriage disputes or the transfer of ownership of real estate by way of a succession, in co-ownership between several persons.
The non-financial motives that require the implementation of appropriate wealth planning measures include disputes and feuds over the control of a family business (family governance), disputes over the roles of the various family members in the management of the assets, the protection of household privacy and disputes over how assets are used.
These are all issues that families should take into account, sooner or later, although our experience shows that, unfortunately, wealth planning is often left until it’s too late.
Our professional staff is committed to assisting our clients in reducing these risks and helping them safeguard their assets, also for your future generations.
The hallmarks of our services are customisation and uniqueness: they are tailored to suit the different needs people have.