ProTrust Consulting
ProTrust Consulting (PTC) is a small firm based in London (North Row, Mayfair).
We act for individuals and families.
As the name suggests, we are focused primarily on ‘Trust’ work. We do help people with other ‘legaltype’ matters but our core areas are in Trusts.
It might be assumed that ‘Trusts’ is a ‘niche’ area but it very much applies to everyday family circumstances and it ought not to be limited to the wealthy but anyone who cares about ensuring that their estate and assets are protected to pass in the most efficient way to their chosen family members.
Primarily, Trusts are created through Wills (ie on death) but there can be trusts created during the course of someone’s life.
When a Trust is activated, such as on death of the Will-maker, it brings into play the requirement for good administration and management of the Trust – but primarily it is a process of educating the family members as to
(a) Why the Trust is created;
(b) What it says and means;
(c) Who is it to benefit;
(d) How it is to operate.
We divide our service areas into three linked areas:
The creation of a Trust, a Will and other services.
Carrying out the administration of a Will - this is largely transactional. A process of collecting in assets, passing the benefit to family beneficiaries.
Trusts that are then activate on death are then administered for beneficiaries. One of the keys to using a Trust is the creation of a structure to benefit not just one beneficiary (say a widow(er) but also to ensure that successive beneficiaries are protected (ie children, grandchildren). So a trust provides a mechanism that can go on for a long time (up to 125 years in fact). A process of ongoing understanding, education and management of the Trust’s ‘value’ is undertaken.
Skillsets for our people:
We come from a legal background (former solicitor’s firms) but we are not a firm of solicitors. We are not accountants or financial advisors. We bridge those gaps in this field and therefore that is why we are also niche. We can introduce those areas where it is necessary and required for the benefit of families.
Therefore, our technical expertise and skill sets can be derived from any of those professional service areas and a little grounding in all is required. Primarily though, we believe that a legal background (a law degree, for example) is the most appropriate for those seeking to develop a career in this area.
To learn more about the company and opportunities please visit https://protrustconsulting.co.uk/.