Drafting Trusts and Will Trusts in the Channel Islands

Discusses the principles of Jersey and Guernsey trust law,enabling practitioners to interpret and understand existingtrust settlements and to draft new ones with confidence. Highlights the differences between Jersey and Guernsey trust lawEnables you to understand the law and to draft safe, accurate trusts, according to the law in either jurisdictionAdvises on the best trust to use in each situation and provides solutions to drafting problemsHighlights common mistakes and trapsCovers both lifetime trusts and will trustsCites Jersey and Guernsey case law, both reported and unreportedOffers a clear, easy-to-understand style, free of technical jargonContains precedents which are also provided on CD-ROM for quicker draftingWritten by two highly regarded trust practitioners, so you know you can rely on the advice giveTo keep you fully up to date, this new edition includes the following new legislation:Both Jersey and Guernsey have introduced foundations legislation, Jersey in 29 and Guernsey in 212. This is a significant addition to the range of asset holding entities available in both Islands and the second edition of the book dedicates a chapter to this and a Jersey foundation precedent is includedJersey has introduced its own civil partnerships legislation in 212 and this edition reflects this and includes in respect of both Jersey and Guernsey, amendments to the provisions concerning the rights of children born outside traditional marriages Guernsey amended its inheritance laws by the Inheritance (Guernsey) Law 211, which abolished that Islands forced heirship rules and introduced a right to make application for financial provision available to those within a specific class of persons, on the basis that the testator not make reasonable financial provision for the applicant