Professional Trustee Services

A Trust is an agreement between an owner of assets and the trustees. The trustees legally own the Trust’s assets but are not allowed to benefit themselves – unless they are also beneficiaries.

The Trust is a legal entity that holds your assets before they are eventually released to your chosen beneficiaries. Essentially, assets held within the Trust are kept out of your estate for probate purposes.

These days, a Trust is a hugely important financial planning tool. Sometimes, you might want someone who is independent from the family to make those important financial decisions. It may also be beneficial depending on your domicile to ensure that the trust remains offshore.

Whether you appoint professional or lay trustees, the core duties remain the same: primarily, to administer the assets on behalf of all beneficiaries and carry out the terms of the trust. Sometimes, however, a Professional Trustee service can bring added benefits. Professional trustees not only owe a higher duty of care but are also able to act with more objectivity. They have the expertise, specialist knowledge and experience to identify potential problems, provide solutions and generally promote good governance. They ensure professional standards are adhered to and that administration requirements are met.

Jersey’s Genus Trust Company specialises in providing trustee services. Jersey has complete autonomy of its internal affairs, including taxation and other legal matters. This, coupled with its strong financial infrastructure, make it a leading centre for international finance.

The Genus Trust Company was established to forge lasting relationships, and to provide services and solutions. The trustees represent the interests of beneficiaries and make sure due regard is given to clients’ wishes and guidance.

Trusts are not regulated by the Financial Conduct Authority. However, please be aware that Genus Trust Company Limited is regulated by the Jersey Financial Services Commission.

The services provided by The Genus Trust Company are separate and distinct from those offered by St. James’s Place.