ARTICLE · 15 AUGUST 2016

Proposed Amendments To The Trusts (Jersey) Law 1984: A Commentary

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The States of Jersey's Chief Minister's Department recently issued a consultation paper on a proposed 7th amendment to the Trusts (Jersey) Law 1984.

JerseyWealth Management

Baker & Partners

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The States of Jersey's Chief Minister's Department recently issued a consultation paper on a proposed 7^th amendment to the Trusts (Jersey) Law 1984. The consultation paper canvassed views on whether to amend the Trusts (Jersey) Law 1984 in twelve areas in which there were perceived either to be difficulties with the current legislation or where it was thought improvements could be made.

The areas for which views were sought and to which Baker & Partners responded are:

Area 1 – the certainty of objects – specifically whether there needs to be a beneficiary or purpose for whom the trust property is to be managed and applied at all times during the existence of a trust.

Area 2 – The rights of beneficiaries to information from the trustee

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