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Jersey vs Guernsey: trust jurisdictions side by side
Jersey and Guernsey are two of the 40 places we cover. Both are in Europe and open for new trusts with us. The table sets out the facts we hold for each place side by side, with the source and date of every fact.
The table
Facts side by side
Shaded cells differ between the two places.
Rows we have not published for a place are listed below the table.
| Fact |  Jersey |  Guernsey |
|---|---|---|
| Governing law | Jersey law decides validity and effect of a Jersey trust (Article 9) | The Trusts (Guernsey) Law, 2007 is the main statute for Guernsey trusts |
| Perpetuity period | A Jersey trust may last for an unlimited period (Article 15) | No set limit on how long a Guernsey trust lasts, subject to its terms (s. 16) |
| Reserved settlor powers | Reserved powers such as directing investments do not affect validity (Article 9A) | Reserving powers, such as to revoke or vary, does not void the trust (s. 15) |
| Reporting to authorities | Jersey signed the CRS competent authority agreement on 29 October 2014 | Guernsey takes part in automatic exchange of tax information under the CRS |
Not published for Jersey: foreign law rules. Ask us.
Not published for Guernsey: trustee requirement. Ask us.
This is guidance, not legal or tax advice. Every fact has a source, listed under Sources with its date.
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Sources
Read on :
- Jersey Law Website: Trusts (Jersey) Law 1984. Used for governing law, perpetuity period, reserved settlor powers.
- Guernsey Legal Resources: Trusts (Guernsey) Law, 2007. Used for governing law.
- Government of Jersey: Common Reporting Standard (CRS). Used for reporting to authorities.
Read on :
- States of Guernsey: Billet d'Etat XIX 2007, Projet de Loi, The Trusts (Guernsey) Law, 2007. Used for perpetuity period, reserved settlor powers.
- Common reporting standard (CRS). Used for reporting to authorities.
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