Jersey trust law tinkering — some improvements
On 2 November 2012, the Trusts (Amendment No 5) (Jersey) Law came into force, making a number of changes to the Trusts (Jersey) Law 1984.
While none of the amendments are particularly profound, they are nevertheless significant in so far as they look to create greater certainty for both professional trustees and their clients in a number of areas where, to date, there has been some doubt. The net effect of the changes will, hopefully, be to make the administration of Jersey law trusts simpler and cheaper.
This article briefly reviews a number of the amendments that are likely to have the greatest impact upon practitioners, settlors and beneficiaries…
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