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Trusts & Trustees Advance Access originally published online on May 27, 2009
Trusts & Trustees 2009 15(5):364-372; doi:10.1093/tandt/ttp047
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© The Author (2009). Published by Oxford University Press. All rights reserved.

Jersey: the foundation—key concepts and principles

James Mews*

*James Mews, Barrister at Law, LLM, BA (Cantab), Director, Finance Industry Development States of Jersey, PO Box 140, St Helier, Jersey Channel Islands JE48QT. Tel: +44 (0)1534 440413; Email: j.mews{at}gov.je; Website: www.gov.je

The new Jersey foundation is attractive to clients interested in a wealth management vehicle that is flexible, simple to understand and based in a secure jurisdiction that adopts appropriate standards of regulation. It is mainly designed for private wealth management, with opportunities for use in private trust companies, securitisation vehicles and traditional philanthropic purposes. This article explains the structure of the Jersey foundation, the principal provisions and some of the differences between the Jersey foundation and foundations in other jurisdictions. The author chaired the steering group, which produced the draft Law of Foundations that was adopted in October 2008.


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