Private trust companies (“PTCs”) are privately owned corporate trustees and are increasingly being used by high net-worth private clients seeking to establish a private wealth structure.
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The foundation has proved popular for philanthropic, family wealth planning and succession and tax planning purposes.
If a person dies domiciled in a jurisdiction outside Jersey, with movable estate situated in Jersey with a date of death value exceeding £10,001 (‘the Jersey estate’), a Jersey grant will be required.