Foundations taking off, but Trusts remain useful too
There’s a great deal of talk and expectation surrounding the new Jersey Foundation, which has a number of important differences from similar products available in other places. Vivat director Advocate Christopher Scholefield, a specialist in Trust, Company and Foundations law, recently returned from a visit to Liechtenstein – the home of the original foundation – where he spoke to financial service practitioners about what Jersey’s product offers. Christopher discusses those differences, and explains the interesting history of the development of foundations in this newsletter.
Click here to read more.But we mustn’t forget that the Jersey Trust still provides an alternative (and tried and tested) means of estate and wealth planning – but there are a range of other uses for a trust. In this issue of Vivat’s newsletter Vivat’s chairman, Advocate David Le Quesne, reminds us when the Jersey Trust provides a good solution.
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There are times when, excellent products though they are, neither the Trust nor the Foundation quite fit the bill. Michael Price, Vivat’s Chief Executive,outlines another attractive solution, the Private Trust Company.
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