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.

For further information contact Jonathan G. Hooley on Tel (indirect line): + 44 (0) 1481 721000, Tel (direct line): +44 (0) 1481 719544, Fax: +44 (0) 1481 722373.