Trustee knowledge: Appointment to beneficiaries
The purpose of private trusts is to benefit beneficiaries and to this extent beneficiaries will often benefit from the trustees appointing trust assets to them. This is provided for at Article 39 of The Trusts (Jersey) Law 1984 (the Law) which states that the trustees have the “power to appoint or assign all or any part of the trust property or any interest in the trust property to, or to trustees for the benefit of, any person, whether or not such person was a beneficiary of the trust immediately prior to such appointment or assignment”.