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Succession Planning and Trusts

Found 23 legal briefings

Please Mr Postman: are letters of wishes enforceable?

Letters of wishes are typically used in relation to discretionary trusts in order to guide a trustee as to how the settlor would wish them to exercise their discretions. This briefing discusses two Jersey cases to discuss some of the issues surrounding letters of wishes in general.

Law Firm: Mourant Ozannes | Published: 02 May 2012 | Practice Area: Succession Planning and Trusts

Rating: 3 people found this useful

Having your cake and eating it: how to retain settlor control in BVI and Cayman trust structures

In recent years there has been a growing demand in offshore jurisdictions for more innovative and user-friendly trust solutions. This briefing outlines how the BVI and Cayman Islands have sought to meet this demand via specific legislative amendments to classic trust principles.

Law Firm: Harneys | Published: 01 May 2012 | Practice Area: Succession Planning and Trusts

Rating: 2 people found this useful

Who has control of your company? The importance of pre-emption provisions

The case of McKillen v Misland (Cyprus) Investments Ltd and Others, heard before the Court of Appeal on 20 February 2012, has highlighted the importance of corporate succession planning and ownership control particularly in relation to preemption rights.

Law Firm: Shoosmiths | Published: 21 March 2012 | Practice Area: Corporate Governance

Rating: 1 person found this useful

A guide to Sharia compliant foundations and trusts in the Channel Islands

A foundation or a trust can be modified to form an important part of a client's lifetime tax planning strategy. Collas Crill look in detail at succession under Sharia law, the benefits of a Sharia compliant foundation or trust, and ensuring that the foundation or trust is Sharia compliant.

Law Firm: Collas Crill | Published: 27 February 2012 | Practice Area: Private Client

Squatting outside the law

The Government has bowed to pressure to make squatting at residential premises a criminal offence. This briefing argues an opportunity has been missed to have a radical rethink of the whole procedure around obtaining possession of premises from squatters.

Law Firm: Shoosmiths | Published: 06 January 2012 | Practice Area: Landlord and Tenant

Rating: 1 person found this useful

Trustees may still be penalised in costs even where the Court blesses their decisions

This briefing studies In the Matter of the Y Trust [2011], which involved an application to distribute the assets of the Trust. In addition to outlining the case's background and decision, Mourant Ozannes studies the various parties' positions and the wider legal principles at play.

Law Firm: Mourant Ozannes | Published: 02 December 2011 | Practice Area: Succession Planning and Trusts

Rating: 1 person found this useful

Billionaires' blues: the UK trust fund issues facing Russia's super rich

Trusts are a common part of a personal ownership structure chosen by many Russian high-net-worth individuals. This article looks at some of the typical issues that Russia's wealthy elite face when using trusts (in particular English Law trusts) and some of the approaches solving these issues.

Law Firm: Goltsblat BLP | Published: 02 November 2011 | Practice Area: Succession Planning and Trusts

Rating: 2 people found this useful

HMRC's information powers and what they mean for offshore trustees

This briefing looks at Revenue and Customs v Panos Parissis and Adrian Towland and Ian Harrison and its practical implications for offshore trustees which considered whether documents held by the professional trustee of three Guernsey trusts were in the 'power and possession' of the taxpayers.

Law Firm: Mourant Ozannes | Published: 20 July 2011 | Practice Area: Succession Planning and Trusts

Rating: 1 person found this useful

Creating share trusts – a guide for clients

This guide describes in detail the process for creating a share trust and gives guidance on how to complete the documentation package, including the trustee share agreement and fees and payment obligations involved. It also explains how to complete a share trust formation questionnaire.

Law Firm: Harneys | Published: 18 July 2011 | Practice Area: Succession Planning and Trusts

Rating: 2 people found this useful

Private trust companies - a wealth planning guide

This guide discusses the ways in which a private trust company in the BVI can be used as a wealth management tool for high net worth individuals. The guide describes various ownership arrangements and discusses the benefits of each arrangement.

Law Firm: Harneys | Published: 05 July 2011 | Practice Area: Succession Planning and Trusts

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