Guernsey And Trusts – Private Client Structuring

Konrad Friedlaender and Natasha Kapp of Carey Olsen in Guernsey consider the types of structures available for private clients.

Guernsey is renowned for being one of the leading jurisdictions for fiduciary work having built a strong reputation over decades and providing private clients with the right wealth structures quickly and with a high degree of expertise and professionalism. One of the trends in recent years has been the emergence of the private trust company (PTC). Its popularity has grown as ultrahigh net worth families look to consolidate their various family interests in a bespoke private structure. The PTC offers many benefits such as the ability of the settlor to be closely involved in managing the structure, in-house specialist knowledge and expertise, continuity, flexibility and potential cost efficiencies. Many jurisdictions have actively been trying to attract and encourage the establishment and administration of PTCs by excluding or exempting PTCs