Trust essentials: October 2016

Mistake and contingent liabilities - Jersey's Royal Court rules that trust transfers can be set aside

Transfers of assets into Jersey trusts have been set aside by Jersey's Royal Court on the grounds that the transfers were based on a mistake, notwithstanding that the transfers were governed by foreign law and that the mistake was in respect of contingent rather than actual tax liabilities.
 

Find out more in our article Setting aside subsequent transfers into a Jersey trust due to mistake as to potential tax consequences

Why the refusal of charitable relief on homes for the elderly in Jersey should prompt reconsideration of keeping UK assets in Jersey trusts

A case that started with trust assets left to fund homes for the elderly being hit with a tax bill should end with anyone with UK assets in Jersey trusts having a rethink.
 
That's the view of trusts and private client specialist Steve Meiklejohn, who says that the UK Court of Appeal ruling over the estate of a Jersey woman has implications that professionals need to consider...

Find out more in our article Inheritance tax ruling should prompt rethink on UK assets

Citywealth IFC Awards 2017
Law firm of the year - Caribbean
Law firm of the year - Guernsey  
Law firm of the year - Jersey

To vote for Ogier please use this link

Woman of the Year                                                                           
Leadership (Professional Services, IFC) - Sally Edwards                

Woman of the Year
Business Services - Kate Kirk 

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