Ultra high net worth families are weighing rising political risk, mistrust of governments and the prospect of less friendly tax regimes in some of the world’s largest economies. As a result, questions of jurisdiction, mobility and asset protection are moving up the agenda.
Jersey and Guernsey are positioning themselves as predictable, rules based centres in response. Proposed changes to Jersey’s trusts law, follow up work after strong MONEYVAL assessments and the opening up of Guernsey’s family PIF regime all point to an emphasis on clearer creditor rights, modernised beneficiary provisions and new structures for cross border families.
Read more →
