The Uses Of Jersey Trusts

Introduction

The purpose of this briefing note is to set out some of the benefits of Jersey trusts. Primarily, they revolve around wealth management and preservation, but they can serve many purposes and take many forms, depending on the requirements in each particular case.

What is a trust?

A trust is a legally binding arrangement whereby, typically, one person (known as a settlor) transfers assets to another person (known as a trustee) to hold for the benefit of certain other persons (known as beneficiaries) or for a specified purpose. Trusts are highly flexible and can be adapted to the settlor's needs and circumstances of the case. Thus the settlor can number among the beneficiaries or even be one of the trustees.