Looking to Strong Foundations for Asset Protection and Succession Planning in Challenging Times

It is hard to discern trends in markets at a time of turbulence and uncertainty, however, we have seen a noticeable increase in interest in Jersey and Guernsey foundations, particularly for clients in the Middle East and Far East. The move towards foundations as an alternative to the more frequently used trust structures in both islands sits within the wider context of more HNW families looking to Jersey and Guernsey for asset protection and succession planning purposes, but more recently is likely to be motivated by the turbulence and uncertainty in the global economy caused by the Covid-19 pandemic.

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GUERNSEY
Rupert MorrisPartnerT +44 (0) 1481 748 936rupert.morris@walkersglobal.com
Rajah AbusrewilGroup Partner*T +44 (0) 1481 748 945rajah.abusrewil@walkersglobal.com

JERSEY
Robert DobbynPartnerT +44 (0) 1534 700 773robert.dobbyn@walkersglobal.com
Sevyn KalsiSenior CounselT +44 (0) 1534 700 775sevyn.kalsi@walkersglobal.com