Isle of Man: Wills/ Intestacy/ Estate Planning

Equity incentive plans have grown in popularity in recent years as they provide a fantastic mechanism for motivating employees, retaining talent and aligning the interests of the workforce and Shareholders.

The doctrine of the three certainties—certainty of intention, subject matter, and objects—is essential for a valid Trust. These ensure clear intent, identifiable Trust property, and definite Beneficiaries. Without them, a Trust may fail, causing legal, tax, and Beneficiary rights issues. Professional Trustees can help ensure compliance and proper Trust constitution.

Reforming the UK's Non-Domicile tax regime is an objective contained within the Labour Party's policy platform.

The Supreme Court has handed down judgment in the inheritance case of Ilott v Mitson.

There is no statutory guidance in the Isle of Man on the role, rights and obligations of a protector. Here, we consider some recent case law which examines the nature of the protector.

It is undeniable that the 21st Century has witnessed one of the greatest and most expeditious developments of modern history – the Digital Revolution.