Good morning everyone, I've been refining my trust documents for my family wealth and asset protection, and now moving towards setting up the bank accounts off shore as advised. My question is regarding the Trustees of the trust. Watching the 6th March PGM, Peter mentions that having a Dormant PTC as a director can make the trust more bullet proof. My understanding of this means several things, and please correct me if I have got this wrong, when adding the PTC as a trustee: 1. it makes the trust a hybrid rather than solely equity, although equity will be the fall back 2. it can be easier to open offshore bank accounts etc. 3. it opens the trust up for legislation scrutiny rather than avoiding it completely 4. without the PTC, opening bank accounts or the trust owning shares of trust companies may prove more difficulty (i haven't yet started setting this up so don't know for fact) 5. Without the PTC the 'KYC' protocol of banks lies solely on the trustees and if this is the first trust, it may not be successful in opening. So my question here in this observation is which is the best route to go down for long term protection, in practical terms - with success of bank accounts off shore being opened and day to day operation being fully functional? Has anyone successful set their mauritius (or other off shore) bank account up with their trust being solely equity and no PTC involved? Has anyone also set up a BVI company where the solely equity trust owns the shares? Just looking for some real life examples of what is working and the best navigation moving forward, avoiding compromising the integrity of the trust. Thank you

Hi all, wondering what peoples thoughts are on identity verification for companies house ?

Good afternoon everyone, I'm currently working through the structure of my private trust, private trust company and how my PMA will operate on behalf of the trust without being owned by it and transfer money between the two. Doing some research currently and am seeing that keeping the generation of money private is a very fine line to tread, and becoming the most tax efficient would potentially require me to avoid using Stripe/Paypal or any other 'merchant' service. Can anyone shed light on this? My understanding is a could have a sole trader set up that is engaged with to handle payments on behalf of the PMA, but not collect income, charge a small commitment each month and then have robust paperwork in place with the PMA to evidence that it is not income, and it is for the benefit of the trust. I may have some of the wording slightly out here as I am trying to familiarise myself further with it, so my next question on this is has anyone used this set up successfully to mitigate any tax triggers? Or am i wasting my time looking into the set up because it will be a nightmare to evidence if challenged? This is all before the coding of payments and bank deposits are navigated in order to avoid mid-high volume transactions being flagged by the bank for being 'membership contributions' or 'donations' If anyone has any guidance on this through what you have done or what is working for you right now, your insight would be greatly appreciated.