To print this article, all you need is to be registered or login on Mondaq.com.
Partly to ensure that the trust remains resident in the appropriate jurisdiction for tax purposes and partly to avoid the administration difficulties inherent in having a number of individual trustees living in different parts of the world, corporate trustees are generally chosen as trustees. Most, if not all, Channel Island accountants, advocates and banks have their own corporate trustees available for this purpose.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
POPULAR ARTICLES ON: Wealth Management from Guernsey