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Angela  Calnan

Angela Calnan (TEP)

Partner | Guernsey

International Private Client and Trusts

  • Angela Calnan has proven to be excellent in matching the work requested with the outcome provided.
    Legal 500 2022
  • Angela Calnan leads from the front with her team. She has a great sense of humour and can lighten even the toughest of situations. She also is incredibly hard working and knowledgeable and someone you can always rely on.
    Legal 500
  • Angela has great personality and presence – she’s dynamic, engaging, and highly commercial
    Client testimonial
  • very practical and approachable.
    Chambers & Partners
  • Best of Breed
    Spear's 500 Private Client Guide
  • Angela is my first choice in non-contentious trust matters. She is responsive, client focussed and always looking for practical solutions.
    Client testimonial
  • Every time I contact her on a matter she responds immediately. Advice is concise and timely
    Client feedback
  • Angela Calnan has a great way of putting people at their ease while also filling you with confidence that she knows exactly what she is doing.
    Legal 500
  • stays calm under pressure
    Chambers and Partners
  • Angela has a good understanding of private wealth issues. She is practical and provides good advice.
    Chambers High Net Worth Guide 2021
  • Very proactive in forging a relationship with our business and getting to know our people
    Client feedback
  • Angela Calnan remains a star and stand-out performer in the non-contentious trust field. She not only has a good knowledge of the relevant law, she also appreciates the practical and commercial considerations.
    Legal 500
  • Angela doesn’t just think outside the box, she simply refuses to believe there is a box. She’s a genuine pleasure to work with.
    Client testimonial

Overview

Angela has been Head of our multi-award winning International Private Client & Trust Department in Guernsey since 2012 – now one of the largest teams of its type in Guernsey and ranked Tier 1 by E-Private Client.

Angela's core strengths are in establishing, reorganising and winding up Guernsey trust and foundation structures (including pension and gratuity schemes) and also assisting trustees in navigating the administration of those structures in accordance with their fiduciary duties.

As a former litigator prior to moving to Guernsey, Angela is great at spotting thorny issues early and assisting trustees and beneficiaries to resolve conflict before things escalate into litigation.

"I am a modern, dynamic lawyer who takes her clients by the hand and guides them through often very complex matters on time, on budget and with a smile."

Experience

Angela has been a Solicitor of England & Wales since 2003 and an Advocate of the Royal Court of Guernsey since 2020.

Day to day, Angela's caseload is very varied. Recently she has established private trust companies and private trustee foundations with multiple underlying trusts and companies for both domestic and international families in conjunction with some of the UK's leading City firms. She has established multi-million dollar pensions and end of service gratuity schemes for multiple UAE companies and she has also assisted trustees in deliberating "momentous decisions" and mediating the interests of warring beneficiaries.

Background

With a family background in the military, Angela is no stranger to moving around. Prior to settling down in Guernsey in 2012 she practiced law in the UK, Singapore and Dubai and this has enabled her to not only build a wide and diverse professional network but also to have a cultural appreciation of many of the clients and intermediaries that she works with which gives her a real edge in terms of building rapport.

Angela is listed as a 'Leading Individual' in Legal 500.

Awards

• Lawyer of the Year – Gold, Partner – Citywealth
• STEP Legal Team of the Year – Midsize
• Wealth Briefing Woman of the Year – runner up
• Powerwoman – Citywealth

 

Memberships

• Law Society of England & Wales
• Guernsey Bar
• STEP – Full Member

 

 

My services
Changes of Trustee/DORAs
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Changes of trustee documents (DORA or IORAs) usually contain indemnities from the incoming trustee to the outgoing trustee which are often hotly negotiated and can be complex. A change of trustee also presents a good opportunity for the incoming trustee to undertake a due diligence exercise by reviewing the trust documents, ensuring that the previous chain of trusteeship is intact and ensuring that the outgoing trustee ratifies or rectifies any flaws in the trust or the trust documents before the trusteeship is handed over. We have considerable experience in narrowing the issues in these negotiations. We are also well versed in assisting our trustee clients in mitigating risk by spotting (sometimes very significant flaws) in trusts before they are taken on and by ratifying previous discrepancies in a commercial manner – commonly without necessitating the involvement of the court.

Family Limited Partnerships
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Many individuals think of the traditional trust as being the best way to manage their estate planning needs. However, there is a growing client base from civil law jurisdictions unfamiliar with the trust concept launching alternative structures. Recent examples include foundations, private family funds and, increasingly, the Family Limited Partnership (FLP). While initially developed onshore, the concept of FLPs was also harnessed and developed offshore in the Channel Islands as a flexible investment structure and a viable alternative to the traditional trust due to its ability to transmit wealth to younger generations while allowing patriarchs to retain a sensible level of control. This is particularly important for clients using the FLP to transfer the family business or “golden egg”, where a loss of control is so unpalatable. As the name implies, an FLP would be ideally suited to the wealthy family, as it is flexible enough to allow a very bespoke agreement to be put in place to cater for the often very detailed and prescriptive demands of clients who can afford and are used to having something tailor made.

Family Trusts & Foundations
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Alongside companies and wills, Family Trusts are still a very popular tool for estate planning and asset protection – perhaps even more so in the light of the envisaged changes to the UK non-dom regime. Family Foundations are proving to be a popular new tool for families looking to ensure their wealth and assets are protected for future generations. We establish trusts and foundations for local and international families to preserve family businesses and ensure appropriate succession planning. We work closely with tax advisers in order to ensure that any new Family trust or foundation fits with a family's overall tax position and will be a workable long term, cost efficient structure. Discretionary trusts are still the most popular but we can also advise on fixed trusts, will trusts and pension trusts.

International Pensions & EBTs
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We advise internationally based companies and trustees on the establishment and operation of employee incentive schemes, addressing issues such as the funding and structuring of awards as between sponsoring employer and trustee, treatment of dividend entitlements for share awards and the formulation of the beneficial class of EBTs having regard to international legal and taxation requirements.

Middle East Group
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The demand for professional advisers who understand the needs of clients in the region has never been more important. With shariah-compliant products and Islamic finance becoming increasingly mainstream and integrated into the global financial system, it is important to partner with a team who understands the complexities of these structures, while also understanding how more traditional structures can be applied to meet the needs of Middle Eastern clients.

Private Client
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As global legislation, regulation and taxation constantly change and become more complex, it has never been more important to make long-term plans to secure your future, the future of your family or your business. We cut through the legal jargon to provide clear, practical advice when you most need it and anticipate the challenges you are likely to face so that you can rest assured you and your family are in safe hands at every step of the way.

Relocate to the Channel Islands
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Our team is ideally placed to advise on and project manage such a relocation, advising on everything from company migrations, housing licences and real estate matters through to introductions to other service providers and complementary local businesses. Some of our people have first-hand experience of moving to the island themselves, affording them a unique insight into the challenges and opportunities you are likely to face.

Trustee Duties
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The duties of a trustee plays in managing the trust assets and dealing with beneficiaries not only vary from jurisdiction to jurisdiction, but are dictated by trust agreement and its nuances, the type of trust and its specific purpose. Advising on trustee duties is a rapidly growing area given the increasingly complex legal and regulatory framework to which trustees must adhere. Importantly, trustees are becoming increasingly aware of the advantages of acting early and seeking advice on their duties – particularly in situations of potential conflict or stress. Trustees are also making more use of the courts in asking for directions or in having "momentous decisions" blessed.

Trustee Risk & Regulatory Management
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Developments, consolidations and regulation have means that effective risk management and mitigation has never been more important. Our advice is not a ‘one size fits all’ solution, but rather is based on an individual company’s specific business model. By building a partnership with you we add value by providing to trustees with a range of regulatory advice, administration support, products and services within a dedicated team approach, precedent development and on-going education and industry updates. Together with our multi-disciplinary risk and regulatory team, we advise on anti money laundering laws and the regulation of trust companies and can assist in the creation and improvement of straightforward operating procedures, including checklists, designed in conjunction with the needs of a trustee to ensure that all members of staff, no matter what their experience, can provide consistent and accurate back office services.

Trusts & Fiduciary
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We work closely with trust and fiduciary businesses and their clients to build strong relationships based on trust, confidence and a deep understanding of their priorities and needs. We have an extensive range of experience in terms of particular products or service lines, including pensions and Shariah, and many of the team have worked in the other international off and onshore jurisdictions prominent in the world of wealth management. We have associated skills in dispute resolution, risk and regulatory, and image protection. We ensure that thought has been given to the composition of the team on every piece of work we do, and use our mix of skill and experience effectively.

Trusts & Foundations
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The most common mistake that clients make when relocating is failing to take estate planning and tax advice well in advance of any move. There can be significant estate planning opportunities to be had and tax consequences to mitigate prior to any move and seeking advice early is key so that all existing wills, trusts, foundations and companies can be reviewed and any consolidation or new structuring put in place in good time. As well as being a beautiful, safe and peaceful places to live and work, Guernsey and Jersey have flexible trust and foundations legislation and are highly regulated jurisdictions with a well-established court system which makes it a popular choice for relocating clients.

News 28 Sep 2021

ME families and succession planning

An article by Group Partner Angela Calnan has been published in eprivateclient:'Changing times, changing needs: The growing demand among Middle Eastern families for...

News 26 Jul 2021

Chambers recognition

Collas Crill's Private Client teams in the Channel Islands have featured in Chambers 2021 High Net Worth guide, which ranks the leading professional advisers in the private...

News 14 May 2021

Collas Crill ranked tier 1 in 2021

Collas Crill has been named in tier 1 of the 2021 eprivateclient Top Offshore Law Firms. The 2021 eprivateclient Top Offshore Law Firms rankings are based on a survey of...

News 10 Dec 2020

Collas Crill's annual Moot

Two students from the Elizabeth College took home the trophy in the 13th annual Collas Crill Moot. Forty-six students from four of the island's sixth form schools and...

Insight 6 Nov 2020

New pension and fiduciary rules

Following extensive consultation with industry, in February 2020 the Guernsey Financial Services Commission (GFSC) issued its final rules and guidance under the Regulation...

News 22 Oct 2020

Chambers and Partners UK 2021

Collas Crill has retained its rankings in Chambers and Partners UK 2021 across all departments and banded individuals in Guernsey and Jersey, with a number of partners being...

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Guide 4 Aug 2021

Collas Crill explains... Reserved powers

This is part of a series of guides in which we examine areas of law that frequently arise in practice. Further guides will be released weekly; click here to subscribe to...

Guide 2 Jun 2021

Collas Crill explains… Duties of a trustee under Guernsey law

This is part of a series of guides in which we examine areas of law that frequently arise in practice. Further guides will be released weekly; click here to subscribe to...

Guide 28 Apr 2021

Collas Crill explains... Creation of a Guernsey Trust

This is part of a series of guides in which we examine areas of Guernsey law that frequently arise in practice. Further guides will be released weekly; click here to...

Guide 30 Sep 2020

Guernsey Private Trust Companies

Guernsey law provides for the establishment and regulation of Private Trust Companies (PTCs). A PTC is an entity that is formed for the purpose of being the trustee of one...

Guide 30 Jul 2020

'Trust me' - from here to indemnity

The 'Trust me' series from Collas Crill's Guernsey International Private Client and Trust team is intended to highlight key considerations and provide practical pointers for...

Guide 29 Jan 2020

'Trust me' - What to inspect when you are expecting... a trust

The 'Trust me' series from Collas Crill's Guernsey International Private Client and Trust team is intended to highlight key considerations and provide practical pointers for...

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Event 30 Sep 2021
Past Event

Int'l Trust & Private Client Gsy

Partner Angela Calnan will be opening and closing the International Trust & Private Client Guernsey conference on 30 September. Organised by Informa, the conference will...

Event 15 Jun 2021
Past Event

Guersney Law Update

Join Guernsey Partner, Angela Calnan, for an overview for the accountancy profession of the last 12 months in Guernsey in terms of legal developments – including key...

Event 2 Jun 2021
Past Event

Transcontinental Trusts

Collas Crill's Guernsey Partner Angela Calnan will be speaking at the Transcontinental Trusts International Forum on Wednesday 2 June.  TransTrusts Bermuda will...

Event 26 May 2021
Past Event

Tax update for trusts (Guernsey)

Join Collas Crill Partner, Angela Calnan, for the 2021 Trust & Corporate Services Providers eCPD Seminar Series.  Seminar Content Governance and the Private Trustee The...

Event 23 Nov 2020
Past Event

Dubai Pensions Roadshow 2020

The attraction of Guernsey as a destination for international pensions in the Middle East will be highlighted at a virtual WE ARE GUERNSEY roadshow for the region at the end...

Event 24 May 2019
Past Event

CI International Pensions

Collas Crill will have a multi-jurisdictional team in attendance at the Channel Islands International Pensions Conference. Group Partner, Angela Calnan, will be speaking as...

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