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Trusts

Jersey is home to a major trusts sector which has been at the heart of the Finance industry since the 1960s. Trust structures are one of the most important investment vehicles, designed to overcome inheritance and succession issues and thereby helping to preserve wealth of some of the world’s wealthiest people and their assets (such as property, fine art, businesses, yachts and aircraft from all over the world).

The ‘Jersey trust’ is so well known globally that it was the basis for the Hague Convention on trusts and many emerging regions of the world are using it as a model for their own trust laws. One of the fastest growing areas is the use of trusts to own intellectual property rights, protecting inventions, literary or artistic work, or trademarks. There are more than 4,000 people working in Jersey’s trusts industry and business, which is also known as the wealth management. Some of the banks and legal firms also operate trust companies as subsidiaries and a high proportion of trust companies are independently owned.

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