With well-recognised trusts legislation, courts well qualified to adjudicate on fiduciary matters and a solid banking and accounting infrastructure, the Isle of Man is a leading trusts jurisdiction.
Trusts are useful for financial planning purposes, to provide for the orderly administration of a family’s assets or to enable certain assets to be managed on behalf of those who would be unable to do so for themselves.
Simcocks’ Isle of Man trust lawyers have been consistently recognised as leaders in the field of trusts advice work on structures governed by Isle of Man law.
Simcocks’ trusts team acts for many different types of client from corporate trustees to families, high net worth individuals and legal and accounting intermediaries.
As one of the key players in the offshore arena, Simcocks advises local and international families in protecting and managing their wealth, Simcocks delivers exceptional results through our technical proficiency.
The team are used to working across a number of different jurisdictions and coordinating with consultants in a variety of countries.
The team is led by Phil Games who is highly experienced in the trusts and private client field. He is an acknowledged expert and is recommended, together with other members of the trusts team, in both Chambers UK and The Legal 500 publications. Many members of our trusts team are members of The Society of Trusts and Estate Practitioners.
The trusts team works closely with lawyers from the litigation and private client teams where necessary. Our Isle of Man litigation lawyers have been involved in substantial and complex international trust disputes.
Areas of expertise:
- Trust Drafting
- Trust Advice on all aspects of Isle of Man trusts law, including in relation to establishing, restructuring and winding up of trusts
- Foundation drafting and establishment
- Establishment of Isle of Man Charitable Trusts (and other forms of Isle of Man Charity)
- Corporate Advice to structures underlying Trusts and Foundations
- Purpose Trusts
- Private Trust Companies and Family Offices
- Regulatory Issues