Jersey trust changes come into effect

The move follows a “root and branch” review of the Trusts (Jersey) Law 1984 which took place last year, and the changes are designed to improve the Island’s position as a trust jurisdiction by making its legislation internationally competitive. In response to developments in other offshore jurisdictions, amendments to the law include: Introduction of settlor-reserved powers – such as power to remove/appoint trustees, investment advisers and managers and to change the terms of the trust Allowing a trustee to delegate any trusts or powers if permitted by the terms of the trust A conf...