Press Release - A Year in STEP

Peter Pexton, one of our partners and also the founder Chairman of the Jersey branch of STEP - the Society for Trust and Estate Practitioners, reviews the activities of the Jersey branch over the past year.

There are two certainties in life: death and taxation. Certainly, much effort and expense goes into trying to avoid both!

With proper planning, keeping one's assets in Jersey can legitimately avoid or defer tax. It may be less successful in deflecting the attention of the Grim Reaper, but at least the new Jersey Probate Law will greatly assist the smooth transfer of Jersey assets to one's heirs. The Branch was pleased to be involved in the detailed consultation process leading to the new legislation which now awaits Privy Council approval. Given the large number of deceased estates administered in Jersey (in 1996 over 2,100, of which only 671 related to local deaths), trust and estate practitioners will no doubt be exploring the exciting opportunities offered by the new