STEP Journal: June 2019

Mark Walley reflects on his first three months as CEO of STEP

Mark Fleming offers a review of the key offshore structuring trends in the last decade

Margaret O’Sullivan explains why parents are choosing to wait longer to give children their inheritance

Michael Giraud and Simon Hart address the practical implications of Jersey’s new economic substance requirements for trust company businesses

Gina M Pereira looks at philanthropy’s role in driving the success of opportunity zone investment in the US

Rebecca Roscoe considers the inheritance tax treatment of contingent interest trusts and the effect of s.31 of the Trustee Act 1925

In 2019, EU Member States are coming together more closely on legislation than ever, finds Helen Swire

Heather L Thompson and Johannes Gasser discuss the effect of the EU's registers of beneficial ownership on non-EU companies

Xavier Isaac explains what the introduction of trust into the Swiss legal system will mean for the country’s industry

Álvaro Aznar Azcárate and Nicole Gallop Mildon explain how the European Succession Regulation affects Spain/UK cross-border estates

Nicola Saccardo and Gabriele Colombaioni compare the recent Italian tax regimes launched by the government

Nuno Cunha Barnabé, Marta Costa and Maria Inês Assis outline Portugal’s tax treatment of foreign trusts

On the 300th anniversary of Liechtenstein’s formation, Alex Baker and Alicia Dimitrova give their take on asset protection in the principality

Martin Liebi lays out the requirements of new Swiss legislation regulating financial services for practitioners with professional links to Switzerland

We are pleased to announce the highest-scoring students from the 1 July–31 December 2018 sittings of all STEP exams and essay routes, and the winners of STEP Canada’s 2018 student awards

Julian Davies and Nigel Race outline the STEP Professional Postgraduate Diploma in Private Wealth Advising qualification, produced by STEP’s education partner CLT International

Jenni Hutchinson explains how STEP’s Employer Partners put systems in place to provide their staff with valuable career-development opportunities

Tasos Coucounis sheds light on the recent changes to the Cyprus Investment Programme.

Emma Lejeune outlines key wealth management structures provided for in Gibraltarian legislation

Ivan Grech provides a rundown of the Maltese trust industry, 15 years after the introduction of the Trusts and Trustees Act of 2004

In an ever-changing and demanding environment, family office advisors play an important role in supporting their clients’ global enterprises. A recent STEP Journal roundtable, sponsored by Highvern, explored how advisors can provide first-rate guidance from inception to succession

Melissa Lesson discusses the treatment of foreign pre-nuptial agreements in English and Welsh divorce cases

In the second of a two-part series, Robert D Colvin offers a US perspective on implementing the domestication of a foreign trust structure

David Dorgan offers a breakdown of the regulatory requirements of charities in Jersey

Mar Bonnin-Palmer highlights the impact of exchange-rate movements on the value of international estates

UK tax liability can follow individuals long after they lose UK tax-resident status, writes Hilesh Chavda