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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