Private Client: Jersey - 4th Annual Edition

Registration
9.00am

Chair's Opening Remarks
9.30am

Examining the Non-Dom Changes and Further Political Developments
9.40am

• What the changes to the rules mean for your jurisdictions in practice
• How the rule changes impact clients with different tax profiles
• How the changes impact where clients choose to reside and establish their trusts 
• Further policy implications

Navigating Key Tax Matters and Avoiding Pitfalls
10.25am

• What should intermediaries consider when discussing tax investigations with clients?
• How HMRC and the IRS are using their resources – is it fit for purpose?
• What issues should practitioners look out and prepare for when dealing with HMRC investigations

Networking & Refreshment Break
11.10am

Understanding the Importance of Stress-Testing Trust Structures
11.30am

• Internal and external angles of attack and how to proof trusts against them
• Firewall provisions and their protective powers
• Trusts variations and how they can leave trusts vulnerable

Trusts in Divorce: Ensuring You are Prepared for the Breakdown of a Marriage
12.15pm

Key areas in which trustees get it right - and get it wrong - in divorce and trust cases. Including:

• 10 years on: has Otto Poon ‘rattled the trust industry’ in Hong Kong, as originally reported by the Financial Times in 2014?
• The perils of answering - and not answering - the Charman/Otto Poon likelihood test: is the test a lose-lose scenario?
• The dangers of the Liechtenstein ‘criminal offence defence’ as shown in Barclay v Barclay [2022] EWHC 2026.
• Reputational and other risks for trustees in divorce and trust cases.

The need for trustees to promote the use of pre- and postnuptial agreements - and be involved in the negotiations.

Networking & Lunch Break
1.00pm

Discussing Next Gen Issues, Inheritance and ESG
2.00pm

• Wealth transferal and preparing clients for inheritance
• Next gen priorities – will they prioritise principles over profits
• How has the concept of ESG evolved
• Is ESG a false dawn?

Analysing The Role of Trustees and Trust Administration
2.45pm

• A trustee’s duties and obligations  
• Blessing applications and the Denaxe case
• What should a trustee do during contentious situations

Networking & Refreshment Break
3.30pm

Navigating Artificial Intelligence and its Impact on the Private Client Sector
3.50pm

• AI – What practitioners need to know
• Overview of AI and LLMs
• First steps with ChatGPT
• Limitations of LLMs

Addressing Insolvent Trusts and Circumstances of Insolvency
4.35pm

• Problems with administering insolvent trusts
• Financial irregularities that can result in insolvency
• Takeaways from the Adams Judgment
• Sham and illusory trusts

Chair's Closing Remarks
5.20pm

Networking and Drinks Reception
5.30pm