Transfer Of Information On Change Of Trustee In Guernsey

In this note, we will focus on some of the key legal and practical considerations that a retiring trustee should take into account before it transfers information on the trust, its interested parties and the underlying beneficiaries to third parties on a change of trusteeship.

By virtue of their office and the nature of their fiduciary duties, trustees invariably hold an array of personal and sensitive information relating to the trusts they administer. This ranges from business sensitive information (which might include information concerning the affairs of corporate structures held within the trust fund) to personal information on the beneficiaries, the settlor and other individuals (such as names, birth dates, family relationships and relations, personal preferences, personal financial circumstances to name but a few).