Balancing duties in respect of inter-related trusts - What do trustees need to know?

Stephen Alexander, partner & Michael Edwards, associate, Mourant Ozannes, 24/02/2021

It is common knowledge that a Jersey trustee may hold office in respect of more than one trust. Indeed a professional trustee may often act as trustee in respect of numerous trusts as part of carrying out its business. Sometimes those trusts are inter-related, forming part of the same, or a connected structure.

This article examines that scenario in the context of the recent Royal Court of Jersey decision in The Representation of V Trustees Limited re K and N Trusts [2020] JRC 220 and considers how trustee duties under Jersey law are impacted in circumstances were a professional trustee is ...

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