Back To Top

Your Lowtax Account


Jersey: Offshore Trusts Guide

Trusts Amendment Act 2006

In early 2005, the government published a consultation paper proposing significant amendments and enhancements to the Island’s Trusts Law. Five main amendments were proposed.

The paper noted some criticism of the existing anti-forced heirship provisions contained in Article 8A of the Trusts Law and proposed either amending the existing article or deleting it entirely and replacing it with a new article. It is also proposed that Article 8A(2) of the Trusts Law should apply to all individuals, not just persons domiciled outside Jersey.

The paper proposed that a new article should be added to the Trusts Law to confirm that the reservation, or grant to another person, by a settlor of any powers from a defined list should not invalidate the trust, and also to allow the statutory duty of care imposed on trustees to be written out by the trust instrument.

 

To Read more, please visit the Offshore Trusts Guide website

 

Back to Jersey Index »