Investments In Jersey - Do You Need A Jersey Will?

Key takeaways

• In most cases it is advisable to have a Jersey Will to cover investments held in Jersey, as this allows personal representatives to gather and realise or distribute assets more quickly.
• While a fast-track process can assist those administering the estates of someone who died domiciled in the UK or the Crown Dependencies, for anyone not domiciled in one of these jurisdictions at the time of their death, their executors or administrators will not be able to use the fast-track process.
• By structuring assets during your lifetime you may (depending upon your personal tax circumstances) be able to benefit from having investments held in a trust during your lifetime, and pass that benefit onto your chosen beneficiaries after your death without the need for probate or a Jersey Grant.