83 results found

When considering a request by a beneficiary for a distribution from a Trust Fund, a Trustee should first ensure that they have power under either the terms of the trust instrument...

If 'X' trigger event happens the trust assets, trusteeship and forum for the trust administration will automatically be transferred to another 'safe' jurisdiction.

Investing trust property can be a challenging business for trustees – their obligations are many and onerous, the standards they will be measured against are high, and the consequences of failure severe.

For those who attended the STEP Isle of Man annual conference on 14 October 2022, you will have heard Isle of Man Senior Associate Erin Trimble-Cregeen, together with Partner Jared Dann from Appleby Jersey...

The Isle of Man Trusts (Amendment) Act 2015 (the "Act") brings into force the following three principles: 1. Abolition of the "Two Trustees Rule"; 2. Abolition of the Perpetuity Period going forward; and 3. Certain matters to be determined by governing law under the Trusts Act 1995.

Trust structures will often involve trustees holding shares in companies; those shares forming part of the trust fund held by the trustees for the benefit of the trust and the beneficiaries as a whole.

As part of its wide-ranging changes to the current non-domicile (non-Dom) regime, the UK government is set to introduce a residence-based regime for both Inheritance Tax and Foreign Income and Gains with effect from 6th April 2025.

For high-net-worth individuals (HNWIs) and family offices, the choice of jurisdiction is no longer purely a technical or tax-driven exercise.

DQ Advocates is a leading Isle of Man-based law firm with an international reach, offering a full range of legal, regulatory and tax services to a local and global client base.

The Isle of Man is famous for many things, but nothing defines it quite like the TT: a motorbike race so fast, so technical, and so unforgiving that even veteran riders describe it as a test of absolute precision.

In an era of increasing global transparency and rapidly evolving tax regulations, the traditional perception of trusts as purely tax planning vehicles is outdated.

In the latest in our Trusts in 2 Minutes series, Donna Matthews looks at protecting protectors.

Crociani v Crociani: A bitter family dispute was finally brought to an end after 5 years following the Royal Court of Jersey's finding in favour of daughter Cristiana who alleged a series of breaches...

Despite the abolition of the Slavenburg register by the UK Overseas Companies (Execution of Documents and Registration of Charges) (Amendment) Regulations 2011 ("the Regulations"), DQ still receive some requests to register charges granted by Isle of Man companies over property in the UK.

Lewin did not involve a situation in which a beneficiary absolutely entitled could not be found, and it was therefore not certain that a payment into court would be justified.

Specific terms of each trust deed are important – always check what does the deed actually say?

The recent Isle of Man judgment of the Staff of Government Division (SGD) in the case of A and B v C and D – 2DS 2023/25 emphasises the importance of the non-intervention principle in trust...