In eprivateclient's 2018 Guernsey report 'Building on
Trust', James Crawford of NWH Global explains why
clients should choose to structure foundations in Guernsey over
other jurisdictions.
Five years since The Foundations (Guernsey) Law came into force
foundations are now an established tool in the Guernsey private
client practitioner's arsenal - as an alternative solution for
protecting and preserving private family wealth. While only 88
Guernsey foundations have been registered at the time of writing,
they are recognised as a valuable option especially when providing
high value and highly complex structures for ultra high net worth
businesses.
Foundations allow clients more direction of power over assets
compared to traditional trust structures. They are typically used
for wealth protection or asset management within bespoke, high
value structures, inheritance and succession planning, the
circumvention of forced heirship rules or for either charitable