Generational Limited is regulated by the Jersey Financial Services Commission to carry on trust company business under the Financial Services (Jersey) Law 1998.
Regulated by the Jersey Financial Services Commission
Professional trustee service
Transparent pricing
Trustee decisions made by accountable professionals
What is a trust?
A trust is a legal way to look after assets for people you care about
The person setting up the trust transfers ownership of money or other assets to the trustee, which holds them under the trust’s rules.
Those rules are set out in a legal document called the trust deed. The people the trust may support are called beneficiaries.
How a trust works
You and your advisers
Explain who you want the trust to support and what you want it to achieve.
Generational as trustee
Holds, owns, and looks after the assets, follows the trust deed and makes trustee decisions.
The people you care about
Can receive support under the trust’s rules when Generational decides it is appropriate.
You can draft a Letter of Wishes to the Trustees indicating how you would like the trust to be used in the future. This does not fetter the trustees control or decision making powers noting a Letter of Wishes is not a legally binding document.
Why families consider a trust
Support people over time, not just once
A will usually explains what should happen to your money, property and possessions after your death.
A trust can provide a framework for assets to be held over time and for support to be considered as needs change. It can also help families potentially avoid probate.
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Support important moments
Education, housing, care or other important stages of life.
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Adapt when needs change
Illness, vulnerability, bereavement or changing family circumstances.
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Keep support in place
Look after assets over time rather than passing everything on at once.
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Create separation and resilience
Assets transferred to the trustee are held under the trust deed rather than remaining in direct personal ownership.
A trust may create legal separation, and potentially protect from divorce, creditors or court orders.
The outcome depends on the circumstances and the laws involved. Take independent legal and tax advice before proceeding.
What Generational does
A clearer way to set up and run a trust
We explain the process
Start with plain-English information before sharing personal or financial details.
We guide the setup
We collect the information needed, arrange the draft trust deed and complete the required checks.
We work with people you already trust
Families may be able to continue working with advisers they already know and trust.
Where appropriate, the existing investment manager may also continue managing the trust’s investments. Generational must approve any investment manager and keep the appointment under review. Account ownership, platform or custody arrangements may still need to change.
We act as trustee
Once appointed, Generational becomes legally responsible for administering the trust and making trustee decisions.
Our people remain accountable
Technology helps organise information and maintain records. It does not make trustee decisions.
Before making a decision, we consider the trust deed, the law, our duties and the circumstances. We keep appropriate written records of trustee decisions.
The people responsible
George McLeod
Founder and Chief Executive Officer, Jersey
Nathan Petty
Executive Director, Trust Services, Jersey
Richard Goodridge
Managing Director, Private Wealth, London, UK
How it works
From your first question to an ongoing trust
Learn and register
Start with simple guides, then register without providing financial details or identity documents.
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Share information securely
Where we may be able to help, we invite you to use our secure online process.
Depending on the proposed trust, we need to understand: - Its purpose and the people involved. - The assets and countries involved. - How the wealth was built and where the assets came from. - The legal and tax advice received. We also complete the identity and background checks required under the legal and regulatory rules we must follow.
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Review the deed and take advice
Generational provides a draft trust deed prepared by an external Jersey trust lawyer. The standard cost of preparing that deed is included in the setup fee.
The external lawyer prepares the deed for Generational’s trust-creation process and does not advise you personally. We strongly recommend that your own independent lawyer reviews the deed and explains its legal effect before you proceed. Your independent legal advice and any non-standard legal work are charged separately. You must also show that a qualified tax adviser has considered the proposed trust and the countries relevant to you, your family and the assets. Generational does not provide or approve your personal tax advice.
Set up and look after the trust
Generational completes its final checks before deciding whether it can act.
If we agree in writing to act as trustee, the trust can be signed and set up. We then maintain its records and make trustee decisions as circumstances change.
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Our review decides whether we can act as trustee. It is not personal legal, tax, investment or financial advice.
Pricing
Clear starting fees
Setting up the trust
From £500
Looking after the trust
0.25%
of the value of the assets we look after as trustee each year
Minimum annual fee: £1,250.
More than £5 million
Fee agreed individually
Standard examples
Value of assets
Standard annual fee
£250,000
£1,250 minimum
£500,000
£1,250
£1,000,000
£2,500
More than £5,000,000
Agreed individually
Examples exclude any agreed fee increase and external professional costs.
Our starting fee includes:
Generational’s onboarding
The required checks
Setup administration
Preparation of a standard trust deed by an external trust lawyer
Opening a bank account
Completing an investment manager mandate
Accepting assets
FATCA and CRS reporting
We confirm your initial fees and explain how they may change before Generational acts. Fees may be higher where the people, assets or countries involved create greater risk, complexity or work. The fee may be higher where the trust requires additional checks, specialist work, administration or ongoing attention.
Independent legal advice, non-standard legal work and other professional costs are charged separately. Separate legal, tax, investment-management, banking, platform, custody, valuation and other professional costs may apply. Does not include third-party disbursement costs due to regulatory authorities if applicable. These will be charged at cost.
Who Generational is for
Considering enquiries from families worldwide
Generational is designed primarily for families considering transferring £250,000 or more to Generational to hold in a new trust.
We cannot act in every country or accept every asset or family arrangement. Whether we can proceed depends on the people, assets, countries, laws, risk and work involved.
Families may be able to continue working with advisers they already know and trust. Where appropriate, the existing investment manager may continue managing the trust’s investments.
Generational must approve any investment manager and keep the appointment under review. We may require changes where necessary to meet the trust’s needs or our duties as trustee.
