Bernadette Carey

Sep 26, 2024 | mondaq.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Bernadette Carey

Taxation in Guernsey is the responsibility of the Director of the Revenue Service in Guernsey and the principal legislation is contained in the Income Tax (Guernsey) Law, 1975 as extensively amended since 1975. Guernsey does not levy any form of capital gains tax, inheritance tax or value added tax. No stamp or document duty, or transfer tax, is payable in respect of companies, unit trusts or limited partnerships that are collective investment schemes.

Aug 6, 2024 | journal.step.org | Bernadette Carey

Edited by Todd Mayo TEP. Reviewed by Bernadette Carey TEP. CPDCompaniesFamily business and Family officeTrustsCayman IslandsUnited States of AmericaBermudaPrivate trust companies (PTCs) have always had a powerful role to play in the context of structuring to protect and preserve family wealth, and that role has only strengthened as familiarity with the different forms and use cases for private trust companies has grown on the international stage.

Jul 19, 2024 | caymanfinance.ky | Bernadette Carey

Despite best intentions, it is impossible to entirely negate the risk of conflict arising from a family trust. By their nature, trusts tend to span several decades and “futureproofing” them against societal changes, unforeseen family circumstances and the views of as-yet unborn beneficiaries presents a challenge to the most competent draftsman.

Oct 23, 2023 | mondaq.com | Bernadette Carey |Chris Duncan

As the global marketplace continues to evolve, many investors have shifted their focus from purely profit-driven investments to those which are sustainable and have a positive impact on the environment, a process often referred to as Environmental Social and Governance investing (or ESG investing).

Oct 6, 2023 | mondaq.com | Bernadette Carey

Without advance planning the task of determining an individual's final wishes and administering a deceased's estate can be time-consuming and expensive. Set out below is a summary of the various ways in which an individual domiciled or with assets or interests in the Cayman Islands can properly protect their position and ensure that their legacy is protected. A will directs how a person's (also known in this context as a "testator") assets are to be dealt with on their death.