Jersey Foundations prove popular

Jersey was the first British Crown Dependency to pass legislation for these structures and reports a steady stream of registrations since enactment just under four years ago. Jersey Finance confirms around one third of the Foundations formed are being used for philanthropic or charitable purposes, while a further third have been set up for the specific use of ultra-high-net-worth families as part of their family wealth management and dynastic planning strategies. Other uses of these structures encompass commercial purposes and for holding high value or luxury assets. The structure o...