The impact of the COVID-19 pandemic is far reaching. This
briefing considers some fiduciary and practical issues relevant to
trustees in the private wealth area in Jersey during this
unprecedented period of social distancing, travel restrictions and
turbulent markets.
COVID-19 – does it impact on a trustee's fiduciary
duties?
The impact of COVID-19 is material and global with governments
around the world severely restricting what their citizens can and
cannot do. The impact on businesses is unknown but it seems clear
that there will be a material fall out. Financial markets have been
particularly turbulent and the full effect on real estate
valuations remains unclear. There is no doubt in this environment
that trusts and the value of trust funds will be impacted.
