The Trusts (Guernsey) Law, 2007, became effective
from Monday 17 March 2008. It replaces the Trusts (Guernsey)
Law, 1989, as amended.
Non-Charitable Purpose Trusts
It has introduced non-charitable Purpose Trusts. Under the
legislation it is made perfectly clear that trusts established
to hold property or to exercise functions without conferring
benefit on any person are valid.
Purpose Trusts are commonly employed to incorporate Private
Trust Companies (PTCs) which in turn act as trustees to
specific trusts (or group of trusts).
Removal of limits on the length of a trust's
duration
The Trusts (Guernsey) Law, 1989, limited the duration of
Guernsey trusts to 100 years even though the rules against
perpetuities had never formed part of Guernsey law. The new law
reverts to the status quo ante and removes the previous 100
year time limit for Guernsey trusts, allowing perpetual trusts
to
