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…
If you are registered and logged in to the site, click on the link below to read the rest of the Appleby briefing. If not, please register or sign in with your details below.
News from Appleby
News from The Lawyer
Briefings from Appleby
Incorporation describes the process of forming a new legal entity (a company) that is recognised at law as a separate legal person.
This feature publication aims to tap into the issues facing high-net-worth individuals around the globe, and investigate the themes and challenges affecting this elite group.
Analysis from The Lawyer
Offshore law firms have long supplemented their legal offerings with fiduciary business, but will that model last?
Business is booming in the Isle of Man, a small jurisdiction that thinks big