Angela heads our multi-award winning fiduciary practice in Guernsey (STEP Legal Team of the Year (midsize) 2015/16) and leads our Middle East Practice Group.

She is regarded as the "go to" lawyer in Guernsey for Middle East private client work and for foundations.

She establishes, reorganises and terminates offshore dynastic structures (i.e. structures involving a combination of trusts, foundations and companies).

"People say; find a job that you love and you'll never work a day in your life. That's true for me - I really love what I do and the people around me share in that passion."

Having lived and worked in the UAE for a number of years, those structures are often (but not exclusively) for Middle Eastern families and commonly involve a family business and UK/UAE residential real estate. Angela's work involves ensuring that the family business stays intact and that wealth transmits effectively to the first and second generations. This can often be complicated by family members being spread across the globe necessitating Angela's collaboration with specialist tax lawyers and accountants to ensure that the structuring is tax efficient and tax compliant.

Angela also advises Guernsey trustees on their duties and on matters of risk when taking on, administering and exiting trust and foundation structures. As an experienced former private client litigator with Penningtons Manches LLP, Angela has a particular interest in avoiding and resolving trust disputes in conjunction with her dispute resolution team in Guernsey.

My 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.

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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.

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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.

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Private Client Advisory
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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.

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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.

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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.

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Private Trust Companies & Trustee Foundations
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Private trust companies (PTC) and private trustee foundations (PTF) are an ideal solution for clients wanting to divest themselves of ownership while still retaining a level of control. A PTC, or its most recent incarnation, the PTF, is a corporate vehicle which is used by a family in place of a professional trustee so that the family themselves can control the board of the trustee and thereby control the underlying assets.

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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.

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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.

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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.

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My news & deals
News 18 Nov 2019

G&S Plans for Dubai Companies

Fresh back off the flight from Dubai speaking at STEP Arabia on this subject yesterday, I am still pinching myself that, after 10 years of banging this drum, real change is...

News 19 Nov 2019

Beneficial Ownership Register

Today's joint announcement by the Governments of Guernsey, Jersey and the Isle of Man underpins the Crown Dependencies' commitment to tackle financial crime by publishing...

News 29 Nov 2019

CI Pensions Update

Angela Calnan was invited to speak at the Channel Islands International Pensions Conference last week to discuss the latest developments in the Guernsey and Jersey pensions...

Insight 17 Nov 2019

To Apply or Not to Apply?

Private Trust Companies (PTC) are currently in vogue. So far in 2019 the Collas Crill International Private Client and Trust team have established more than six bespoke PTC...

Insight 31 Nov 2019

What is "impact" investing?

What is "impact" investing, sometimes referred to as responsible or sustainable finance, and what do trustees, family offices and others in the private client space need to...

News 23 Nov 2019

The DIFC's New Defined Contribution

Group Partner of Collas Crill Guernsey's International Private Clients and Trusts team, Angela Calnan, explains. In 2012, at the ripe young age of 36, I resigned from the...