Jersey - On Trusts And Trustees

Trusts are an ideal vehicle for the accumulation and protection of private wealth.

A trust deed is a private document, which is not required to be filed on any public register, therefore maintaining strict confidentiality.

Providing the trust beneficiaries are not resident in Jersey, a Jersey trust can be controlled and managed in Jersey whilst remaining exempt from any form of Jersey taxation.

The Settlor having created the trust by transferring or gifting assets into a trust, the trustees then hold the trust assets and administer them for the benefit of beneficiaries. The trustees are a continuing body, regardless of the resignation or appointment of individual trustees.

Subject to the terms of the trust, the trustees have all aspects of ownership, except one, they cannot benefit from or enjoy the assets; this is reserved for the beneficiaries.