Jersey first introduced legislation in relation to trusts in 1984 with the Trusts (Jersey) Law. Since coming into force, the law has been amended three times: in 1989, to clarify and update certain aspects; in 1991, to harmonise the law with the provisions of the Hague Convention on the law applicable to trusts and on their recognition; and in 1996, to facilitate the creation of non-charitable purpose trusts.
In November 2004, the States of Jersey published a consultation paper in relation to additional proposed amendments to the law, and invited comments prior to 18 February, 2005. It is hoped that, following receipt of comments, a draft amendment to the law will be produced for further consultation in early to mid 2005. The proposals put forward cover the following areas.
