James Campbell, a partner at Ogier in Jersey, spoke to eprivateclient about some fiduciary and practical issues relevant to trustees in the private wealth area in Jersey during this unprecedented period of social distancing, travel restrictions and turbulent markets.
Mr Campbell said that there was no doubt that in this COVID-19 environment that trusts and the value of trust funds will be impacted but that the pandemic would not change a trustee's core fiduciary duties.
"Under Jersey law a trustee is required to act with due diligence, as would a prudent person, to the best of his ability and skill a...