The Liechtenstein Institute of Professional Trustees and Fiduciaries exists in its present form since the issuance of the corresponding legal basis in the year 1992.
It is composed of all the trustees and trust companies in Liechtenstein licenced by the Financial Market Authority (FMA). The Governing Bodies of the Liechtenstein Institute of Professional Trustees and Fiduciaries are:

- The Plenary Meeting
- The Board of Directors
- The Auditors
There is a management office for the administration, which also acts in a consultant capacity for Members and third parties.