Isle of Man: Trusts

For high-net-worth individuals (HNWIs) and family offices, the choice of jurisdiction is no longer purely a technical or tax-driven exercise.

People often say that a Foundation is the civil law alternative to a Trust; but what does this mean? What does a Foundation offer your clients that a Trust cannot?

Whilst Isle of Man Trusts and Isle of Man Limited Companies have been mainstays of offshore wealth planning for decades, the relatively recent introduction of the Isle of Man Foundation in 2011 has provided advisers with a blend of features possessed by corporate entities and fiduciary vehicles, to further their clients' objectives.

The recent Isle of Man judgment of the Staff of Government Division (SGD) in the case of A and B v C and D – 2DS 2023/25 emphasises the importance of the non-intervention principle in trust...

Reforming the UK's Non-Domicile tax regime is an objective contained within the Labour Party's policy platform.

Following on from our previous article; An update to Isle of Man Trust Law, when we discussed the new act in bill form, the much anticipated Trusts and Trustees Act 2023...

The Staff of Government Appeal Division of the High Court of Justice of the Isle of Man set aside an order of the High Court on 19 July 2021 and directed a trustee to reconsider its decision not to appoint a new protector to the trust, ...

The recent judgment of the Staff of Government Division in the case of Mazzoleni v Summerhill Trust Company provides an extremely helpful update for Manx law as to the role of protectors of Manx trusts as well as guidance for trustees ...

The use of trusts in wealth management and estate planning means transferring legal control of trust assets to a third party, namely the trustee of the trust.