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Russell Clark

Head of Trusts and Private Client Guernsey  |  Carey Olsen
JURISDICTIONS QUALIFIED IN

Guernsey
England and Wales

TOP 3 AREAS OF EXPERTISE

Personal and estate planning
Administration of estates and trusts
Asset holding structures

Q&A

What has been the highlight of your practice over the past 12 months?

We have seen a number of complex trust restructurings caused by trustees trying to segregate trust assets as between beneficiaries who have different views as to how the trust should be invested. The Middle East countries, particularly the GCC, remain key markets for new business coming into Guernsey. These clients are wanting to establish trusts for the traditional reasons; asset protection and estate planning.We are also seeing the establishment of new charities and new philanthropic entities.

What advice would you give rising stars/new lawyers in the private client world?

It is vital to develop strong, long term relationships with clients and prospective clients to become a "trusted adviser". Make an effort to understand your clients’ business and objectives and become an extension of their team.

What is your favourite quote?

"I told the Inland Revenue I didn't owe them a penny because I lived near the seaside," Ken Dodd.