Next Generation Lawyer 2019
helpful, extremely efficient, clear on costs and very easy to deal with
We dealt with Laura Perkins who put in many hours in a short period of time to understand the problem and devise a solution. She then carried that through to a very satisfactory outcome. Laura was excellent in explaining what she had to do.
Laura qualified as a Solicitor in Scotland in 2007 and advises on both Jersey and BVI law.
She specialises in wealth planning for high and ultra high net worth clients, in particular the use of trusts for succession planning, wealth preservation and asset protection purposes.
Advising both private and professional clients, Laura's portfolio involves working alongside:
She is able to advise on all aspects of trust law, including the creation, administration, termination and restructuring of trust structures.
She is experienced in both contentious and non-contentious matters.
Laura also advises on BVI and Jersey succession law and assists clients with related matters, including wills and probate.
Joining Collas Crill in September 2019, Laura's experience spans onshore law and private wealth, having been based in BVI, Cayman islands and Edinburgh.
She is a member of the Society of Trusts and Estates practitioners.
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.
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.
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.
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.
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.
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.
Planning for the future is something that people often don't like to think about however it is one of the most important things that you should do during your lifetime. Whether you need simple Wills put in place or more complex estate structuring, our experienced and approachable team can help you organise and plan your affairs for the immediate and longer term future. We work hard to guide you through any issues of concern to ensure that you reach a position where you feel reassured that you are clear as to what will happen to your assets, and the ones you leave behind, in the future.
Jersey Group Partner Laura Perkins was interviewed by ThoughtLeaders4 Private Client magazine for its '60 seconds with' feature. In the interview Laura shares details about...
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...
Collas Crill has made a number of promotions in the Channel Islands across its fee-earners and business services team. Sam Williams, Laura Perkins and Simon Heggs have been...
Collas Crill has been named finalist in two categories at the 15th Annual STEP Private Client Awards. The offshore law firm has been shortlisted for Private Client Legal...
Collas Crill has been named as one of the 2020 eprivateclient Top Offshore Law Firms. The 2020 eprivateclient Top Offshore Law Firm rankings are based on a survey of more...
This guidance is current up to 27 May 2020 The Coronavirus (COVID-19) pandemic has rapidly changed the business landscape, with unprecedented restrictive measures on...
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The Probates (Resealing) Act, 2021 (the Act) has been in force in the British Virgin Islands (the BVI) since 9 July 2021, repealing The Probates (Resealing) Act (Cap. 60)...
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