Amendments to Jersey’s trust law allows trustees to be paid for their services for the first time. Paul Matthams looks into the background to the changes
A further amendment to Jersey’s trust law is expected to come into force later this year. It will be the fifth time the Trusts (Jersey) Law 1984 has been amended and this year’s amendment includes changes concerning the enforcement of foreign court orders, including those relating to forced heirship issues, and to the limitation of time periods for bringing actions against trustees for breach of trust.
