Fiona Le Poidevin, Chief Executive of Guernsey Finance,
explains how Guernsey is offering a fresh approach to
foundations.
The introduction of the Guernsey Foundations Law at the
beginning of last year has given local practitioners another tool
for meeting client needs in asset protection, estate and succession
management, philanthropy and wealth planning for globally mobile
individuals and families. It adds to the existing range of private
wealth structures available in Guernsey, such as trusts, companies
and family office partnerships and its merits should be compared
with a trust particularly by those clients from civil law
jurisdictions.
The Guernsey foundation
The Guernsey foundation is an incorporated entity with a
separate legal personality. However, it does not have shareholders
to whom its board are accountable. Instead, the foundation is
designed to hold assets which have already been acquired and to
preserve, rather than risk them, on behalf of
