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ARTICLE · 06 DECEMBER 2023

A Comparison Of Jersey Foundations And Trusts

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

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Here, Carey Olsen counsel Rachel Yao examines the effectiveness of trusts or foundations in securing the long-term financial positions of high-net-worth families in Asia...

GlobalCorporate/Commercial Law
Rachel Yao
Rachel Yao
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Here, Carey Olsen counsel Rachel Yao examines the effectiveness of trusts or foundations in securing the long-term financial positions of high-net-worth families in Asia after the introduction of the Foundations (Jersey) Law 2009.

Since the enactment of the Foundations (Jersey) Law 2009, legal practitioners have diligently assessed the real-world ramifications of this legislation concerning clients. This scrutiny concerns distinctions between foundations and trusts, with the aim of determining the most suitable vehicle to address each client's unique requirements.

Lately, the author has witnessed a notable surge in inquiries originating from high-net-worth families from Asia regarding the choice between Jersey trusts and Jersey foundations, particularly when philanthropic objectives are at the forefront.

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