This note seeks to give a brief overview of Jersey trusts.
In particular, it seeks to explain the main characteristics of the
various types of Jersey trust and the key advantages of using
them
Overview
The Trusts (Jersey) Law 1984, as amended (the
"Law") provides the legal framework for
trusts in Jersey. In addition, there is a vast amount of Jersey
case law as well as consideration of judgments made in England and
Wales and the rest of the Commonwealth.
The Law defines a trust as existing where a person (a
"Trustee") holds property not for the
benefit of himself but for the benefit of another (a
"Beneficiary"). Under the Law, a trust
does not have a legal personality. Where a trust is governed by
Jersey Law, it is known as a 'Jersey Trust'.
