Wealth planning is no longer just about reducing tax. Today's high-net-worth and ultra-high-net-worth (HNW and UHNW) individuals are looking for something more nuanced, more human.

This is a brief guide to the services provided by Dixcart Management (IOM) Ltd regarding the formation and administration of Foundations.

Directors of Isle of Man companies owe 3 types of duty to their company:

Once appointed, a Trustee is subject to a number of duties. A Trustee's overriding duty is to act in the best interests of the beneficiaries of the Trust.

A private company incorporated under the Isle of Man Companies Acts 1931-2004 which qualifies as an “audit exempt company” may, by members resolution, elect to dispense with compliance with the requirements of the Isle of Man Companies Acts 1931-2004 which relate to the audit of the accounts of companies.

The doctrine of the three certainties—certainty of intention, subject matter, and objects—is essential for a valid Trust. These ensure clear intent, identifiable Trust property, and definite Beneficiaries. Without them, a Trust may fail, causing legal, tax, and Beneficiary rights issues. Professional Trustees can help ensure compliance and proper Trust constitution.

Entrepreneurship thrives on bold ideas, relentless determination, and the willingness to take risks.

When it comes to scaling internationally, protecting assets, or managing cross-border investments, strategy matters.

The Isle of Man offers wealthy families a politically stable, well-regulated and practical base in which to establish wealth and business succession planning structures. Modern and robust legislation, high-quality professional advisers and service providers, and a reputation for cost-effectiveness, all contribute to the island's attractiveness as a trusts jurisdiction.

People often say that a Foundation is the civil law alternative to a Trust; but what does this mean? What does a Foundation offer your clients that a Trust cannot?

This is a brief guide to the services provided by Dixcart Management (IOM) Ltd regarding the formation and administration of Trusts.

This series considers the key elements of Offshore Trusts, particularly Isle of Man Trusts. This is the second of three articles, which examines some of the most common types of Offshore Trusts and their uses.

The Crown Dependencies will shortly be approving new legislation, presented to the three respective Parliaments, to introduce economic substance requirements, for companies incorporated, or resident for tax purposes...

Imminent market developments in the Isle of Man are expected to affect corporates, private clients and those operating in the capital markets over the coming months.

In the recent case of FJ 118/24 Shafe Buksh -v- (1) Habib Bush (2) Omar Bush (also known as Oliver Bush) the team at Ronald Fletcher Baker (RFB Legal) encountered a challenge familiar to many legal professionals...

Companies, as creatures of statute, owe their existence to the laws of the jurisdiction in which they are incorporated.

Trustees play a crucial role in safeguarding the interests of those they serve but when it comes to vulnerable beneficiaries, the responsibility extends beyond standard fiduciary duties.

Do you as a Non Executive Director or the appointed Non Executive Directors ("NEDs) of your client funds actually realise why they are in situ? Harsh? Fair? Irrelevant?

The Jersey Financial Supervision Commission (the JFSC) has recently (June 2020) published a feedback paper for industry on the results of its examinations of compliance with the financial crime