A Guide To Non-charitable Purpose Trusts In Jersey

Non-charitable purpose trusts ("Purpose Trusts") have become an increasingly important part of the Trusts (Jersey) Law 1984, as amended (the "Trusts Law"). Unlike traditional trusts, Purpose Trusts do not have beneficiaries. Instead they are established for specified non-charitable purposes ("purposes"). The uses of Purpose Trusts are varied and are described in greater detail below.

Creation and validity

A Purpose Trust is created when assets are vested in the trustees for specific purposes.

Such trusts must have the same legal certainties as are required in relation to any Jersey law trust, namely:

• there must be certainty that the settlor intended to establish such a trust;