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ARTICLE · 04 OCTOBER 2023

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Guernsey Trusts: A Brief Guide

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Guernsey offers an established and robust Trust Law and as a result has emerged as a prominent jurisdiction for the establishment and administration of trusts.

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Introduction to Guernsey

Guernsey offers an established and robust Trust Law and as a result has emerged as a prominent jurisdiction for the establishment and administration of trusts.

Guernsey offers a very well-regulated financial sector, with the Guernsey Financial Services Commission (GFSC) overseeing all trust business on the island. The GFSC ensures compliance with international standards and upholds the highest levels of corporate governance, meaning that Guernsey is known as one of the best regulated financial centres in the world, with a particular emphasis on international private client services.

Guernsey Law

Guernsey has a mixed legal system. The Anglo-Saxon Common Law system has a major influence, but the core source of law is Norman Customary Law. Trusts are well legislated for in the Trusts (Guernsey) Law 2007, which is further supported by a body of case law based on decisions of the Guernsey Courts.

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