Executive Director of Supervision David Eacott joined an expert panel at Mourant Trusts Forum to discuss how trustees are blending regulatory considerations into their fiduciary roles. David spoke about the importance of partnership between industry, regulator and government to establish a regulatory approach that balances stakeholder expectations and supports industry development in Jersey. David also highlighted the work we’re doing at the JFSC to improve our service delivery. We know from our industry survey that local engagement is a priority for our industry stakeholders. The forum was the latest in our programme of meetings, consultations and speaker events with the trusts sector and forms part of our wider industry engagement work. #Jersey #PrivateWealth #Trusts
Jersey Financial Services Commission’s Post
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Beneficial ownership is a new and complex issue for trustees and trust service providers. Read what Phia van der Spuy has to say on the matter. https://lnkd.in/d-9wfpyC #FISA #fiduciary #beneficiary #trustees #trust Phia van der Spuy
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🔍 #TrustAdministration Simplified: ✅ Setting up and managing your Trust. ✅ Overseeing the Trust once documents are set. ✅ Assisting trustees in ensuring all terms are met. ✅ Expertise in #SpecialNeedsTrusts. Our experienced team at #PathFinderLawGroup is here to guide you through this often complex process. Visit our website to learn more: https://loom.ly/cDQb0R0 #EstatePlanning #EstatePlanningMaryland #Trusts #MarylandTrusts #TrustAdministration #WillsAndTrusts #EstatePlanningLawyer
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Managing a trust is a crucial responsibility, especially as a professional trustee. Keeping open communication and complying with trust documents is key. Our latest article delves into the significant responsibilities and duties of trustees in managing trusts, outlining the various obligations trustees have, and highlighting the higher standard of care expected from professional trustees. It also touches upon the personal liability trustees face for breaches of duty and the potential for removal by the court if they fail in their responsibilities. Stuart Stobie, Managing Director of Sovereign Corporate & Trustee Services Ltd (SCATS), underscores the critical nature of trustees' roles and the value of independent, professional trustees in preserving trust integrity and avoiding conflicts with beneficiaries' interests. Read more: https://bit.ly/4cIdYA0 #SovereignGroup #SCATS #Trusts #Trustees #Beneficiaries
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Mark discusses South African and International Trusts with Momentum, providing insight into the many components of a #trust. #OakGroup #WealthManagement #WealthWebinar #HighNetWorth #Trusts #Trustee #SouthAfrica #PrivateWealth
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It's not long to go until our TSP Trainee, Anisa Khan, will be speaking at the Law Firm Ambition Conference! On 25th June, Anisa will be on a panel of Junior Lawyers talking about her journey as a Trainee Solicitor giving her advice, thoughts and views 🎤 #tsp #tsptrainee #lawfirmambition #leadinglawfirm #solicitors #tsplegal
8 DAYS TO GO until the LFA conference, including this much anticipated session with three young solicitors: Anisa Khan, Colette Bane and Sohail K.. How to attract, retain and enjoy working with the next generation of lawyers. Book here: https://lnkd.in/em93ukUA. Speakers: Rebecca Bonnington, Dr Lynda Shaw, Andre Thomas, Jonathan Winchester, Jim Thomas, Lara-Marie Rivers, Peter Jackson, Jonathan Blair, Lindsey Kidd, Andy Harris, Mark Briegal, Robert Postlethwaite, Leah Steele, Anisa Khan, Colette Bane, Sohail K., and Simon Lewis. An all-star line-up. Sponsors and exhibitors: Lloyds Banking Group, etiCloud: secure digital agility, Lockton, Conscious Solutions, QualitySolicitors, Legl, Intapp, Consortium - more than marketing, Baskerville Drummond LLP, Actionstep, Cashroom . Media partner: Modern Law Magazine #LFAconference2024 #ManagingPartnerSecrets #culture #values #behaviouralchange #teamengagement #leadershipdevelopment #strategy #attraction #retention #lawfirm #solicitor #makingiteasier
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Providing support and representation to Insolvency Practitioners and Chartered Accountants in practice. | UCI International Commissaire (Road and track cycling) #ICAEWROAR top 20 ranked LinkedIn accountancy influencer
🆕The Protected Trust Deeds (Miscellaneous Amendment) (Scotland) Regulations 2024 have been laid in the Scottish Parliament. If passed, will become effective 1 July 2024. - debtor to be habitually resident or have a place of business in Scotland - provisions for the AiB to revoke protected status of trust deed where 'material error or irregularity' which led to the protected status being granted - Dividend payment periods reduced. First dividend period now 12 months (prev. 24m) with 3 monthly (prev. 6m) thereafter - permission and agreement to be sought from AiB where trustee intends to refuse discharge to debtor - new provision for early discharge prior to normal 4 year period in 'extenuating circumstances' - new provision for AiB to be able to take over as trustee where existing trustee unable to do so and no other replacement can be found - annual supervision fee payable to AiB ⬆️20% to £120 per year, applied to existing as well as new PTDs 👉https://buff.ly/3wmXOMc
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Happy Friday! Have an Estate Planning Question? Comment Below.
Friday Fundamentals #17 What are the responsibilities of a successor trustee? Blaine Burch Sharla Marocchi Natalie Daghbandan #OCEstatePlanningExpert #CaliforniaEstatePlanningAttorney #TrustAdmission #FridayFundamentals #estateplanningTips
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Really looking forward to this, our first Law Firm Ambition annual conference. If you're heading to the conference, drop us a line below! #LFAConference2024 #legaltech #lawtech #lawfirms
8 DAYS TO GO until the LFA conference, including this much anticipated session with three young solicitors: Anisa Khan, Colette Bane and Sohail K.. How to attract, retain and enjoy working with the next generation of lawyers. Book here: https://lnkd.in/em93ukUA. Speakers: Rebecca Bonnington, Dr Lynda Shaw, Andre Thomas, Jonathan Winchester, Jim Thomas, Lara-Marie Rivers, Peter Jackson, Jonathan Blair, Lindsey Kidd, Andy Harris, Mark Briegal, Robert Postlethwaite, Leah Steele, Anisa Khan, Colette Bane, Sohail K., and Simon Lewis. An all-star line-up. Sponsors and exhibitors: Lloyds Banking Group, etiCloud: secure digital agility, Lockton, Conscious Solutions, QualitySolicitors, Legl, Intapp, Consortium - more than marketing, Baskerville Drummond LLP, Actionstep, Cashroom . Media partner: Modern Law Magazine #LFAconference2024 #ManagingPartnerSecrets #culture #values #behaviouralchange #teamengagement #leadershipdevelopment #strategy #attraction #retention #lawfirm #solicitor #makingiteasier
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Associate Sohail K. will be speaking on the panel, "What do the next generation want?", at this year's Law Firm Ambition Conference. Sohail will be joined on the panel by Anisa Khan of Thompson Smith and Puxon Solicitors and Colette Bane of Knights. Follow the link below to register for the event. #LFAconference2024 #PensionsLaw #UKPensions
8 DAYS TO GO until the LFA conference, including this much anticipated session with three young solicitors: Anisa Khan, Colette Bane and Sohail K.. How to attract, retain and enjoy working with the next generation of lawyers. Book here: https://lnkd.in/em93ukUA. Speakers: Rebecca Bonnington, Dr Lynda Shaw, Andre Thomas, Jonathan Winchester, Jim Thomas, Lara-Marie Rivers, Peter Jackson, Jonathan Blair, Lindsey Kidd, Andy Harris, Mark Briegal, Robert Postlethwaite, Leah Steele, Anisa Khan, Colette Bane, Sohail K., and Simon Lewis. An all-star line-up. Sponsors and exhibitors: Lloyds Banking Group, etiCloud: secure digital agility, Lockton, Conscious Solutions, QualitySolicitors, Legl, Intapp, Consortium - more than marketing, Baskerville Drummond LLP, Actionstep, Cashroom . Media partner: Modern Law Magazine #LFAconference2024 #ManagingPartnerSecrets #culture #values #behaviouralchange #teamengagement #leadershipdevelopment #strategy #attraction #retention #lawfirm #solicitor #makingiteasier
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The Trustee (Perpetual Succession Act) Cap 164 has recently undergone amendments, with one of the significant changes being on the process of incorporation of Trusts. Henceforth, the process of incorporation of all types of Trusts has been transferred from the Ministry of Lands to the Business Registration Service (“BRS”). Consequently, the BRS issued a circular outlining the requirements for incorporating Trusts through the BRS online portal, as discussed below by Melissa Machua, LLM, MCIArb, CPM (MTI) and Shalma E. N. Maina #CMAdvocatesllp #estateplanning #successionplanning #legalalert
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