Jersey has a modern and progressive trust law, the Trusts (Jersey) Law 1984 (the “Trusts Law”), which provides a very suitable and convenient base for a large number of international and personal trusts. A trust is a legally binding arrangement whereby a person (known as “the Settlor”) transfers the legal…

Foundations were introduced into Jersey law through the Foundations (Jersey) Law 2009. A number of additional regulations have since been implemented, which introduced rules governing the migration of foundations (in and out of Jersey), the merger of foundations and the winding up of foundations. What is a Jersey Foundation? A…

  Jersey income tax is applicable to income arising on the island, whether or not the individual concerned lives on the island or not. For example, individuals may have Jersey property income, but do not live here themselves. Nevertheless, non-residents are not taxed on interest accrued on accounts with banks…

Jersey Non-Charitable Purpose Trusts Traditionally, the hallmark of a trust is that its terms require the trust assets to be utilised for the benefit of beneficiaries, whether they be individuals or legal persons. However, under the Trusts (Jersey) Law 1984 (the “Trust Law”), it is possible to establish trusts for…

Since the introduction of the Trusts (Jersey) Law 1984 the Royal Court has had statutory jurisdiction to vary trusts by way of an order approving the proposed variation on behalf of minor, unborn and unascertained beneficiaries where all the adult beneficiaries have reached an arrangement over that variation to the…

Introduction Jersey is a premier jurisdiction for the establishment of trusts and trust administration in Jersey is a cornerstone of the Jersey finance industry. Traditionally, those wishing to establish trusts in Jersey or have them administered within the island have utilised the services of one of the many regulated professional…