ARTICLE · 19 JUNE 2018

Jersey Trusts Law Amendments Continue To Develop Island's Private Wealth Offering

Carey Olsen

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Updates to Jersey's Trusts Law, which include welcome clarity surrounding the disclosure of information to beneficiaries, help to ensure the island remains one of the world's leading international private wealth centres, according to leading Jersey trusts lawyer Siobhan Riley.

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Updates to Jersey's Trusts Law, which include welcome clarity surrounding the disclosure of information to beneficiaries, help to ensure the island remains one of the world's leading international private wealth centres, according to leading Jersey trusts lawyer Siobhan Riley.

Rather than making any fundamental changes to the Trusts (Jersey) Law 1984, Ms Riley, who is the head of Carey Olsen's Jersey trusts and private wealth group, said the five key provisions of 'Amendment No. 7' simply refined and enhanced the existing legislation, in particular, the reworking of Article 29 relating to the disclosure of information to beneficiaries.

"While it has been on the cards for some time, the re-write of Article 29, makes it absolutely clear that the terms of a trust can restrict a beneficiary's right to information, subject to any order of the court," said Ms Riley.

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