Trust & Fiduciary
Guernsey plays host to some 140 licensed providers, ranging from large organisations to independent, boutique operations, who hold between £200bn and £300bn worth of assets in trust. In addition, there are around 60 licensed individuals who can act as directors, co-trustees or trust protectors.
Guernsey is growing an excellent reputation in the emerging niche market of the family office. In addition, the Island remains a jurisdiction of choice for corporate settlors using trusts for the administration of pension schemes and employee share plans. Corporate structures are utilised to hold assets and investments of all types. Estate and inheritance planning are key elements of the Island’s wealth management offering and Intellectual property (IP) is a growth area in Guernsey.
Guernsey has a tried and tested Trusts Law and is also renowned for its robust yet pragmatic regulatory environment. The local industry bodies include the Association of Trustees (GAT) and the Society of Trust and Estate Practitioners (STEP) which is one of the largest in the world with more than 500 members.
Latest In Trust & Fiduciary