Abstract
Abstract Wealthy families and individuals are increasingly in need of flexible and adaptable solutions for managing their wealth. Marking 10 years since the Foundations (Guernsey) Law, 2012 was introduced in Guernsey, Donna Brehaut from Saffery Champness and Gilly Kennedy-Smith from Mourant Law Firm examine the factors that make the Guernsey foundation an advantageous alternative, or complement, to other structuring solutions such as trusts. This article explores the distinctive characteristics of Guernsey foundations in comparison to other jurisdictions, including Jersey, the legal requirements and process for managing such a structure, along with how Guernsey foundations can assist in meeting the objectives of founders, ranging from holding non-standard assets, to succession planning.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
