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Kerrie Le Tissier
Specialism: Lawyers Estate Planning
Company: Collas Crill
Location: St Peter Port, Guernsey
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Establishment of a Guernsey foundation to hold the family wealth of a UHNW Hong Kong resident
Advising the founder, UHNW Hong Kong resident, on the establishment of a Guernsey foundation to hold the family wealth, including a profitable trading business and cash, for succession planning purposes. The foundation structure is complex as it needs to meet the client's bespoke requirements in respect of fixed distributions to be made to family members, re-investment in family businesses and funds to be used for philanthropic purposes. The constitution and decision-making process of the council also needs to mirror the terms of a family charter dealing with assets outside of the foundation, which I am also advising on.