Paula Fry is a Senior Associate* in the Private Client & Trusts department in Guernsey.
Paula Fry has 19 years of experience, of which ten years have been spent in Guernsey building a wide-ranging private client and trust practice. Her work covers both non-contentious and contentious practice. She has been particularly involved with a number of momentous decision applications, including one relating to a deferred prosecution agreement, various mistake applications, trustee removal applications and the removal of a protector.
Paula is well acquainted with a broad spectrum of trust and estate related matters, including the establishment of trusts, foundations, private trust companies, the preparation of wills and the administration of estates. She also advises trustees, protectors and beneficiaries.
Paula has also built up a practice which goes further than traditional private client work, having dealt with numerous financing arrangements involving trustees and other substantial corporate transactions.
Paula is a keen author and frequently contributes articles to a number of publications.
Paula was admitted as a solicitor in England & Wales in November 2001 and, prior to joining Appleby, worked for a major law firm in Guernsey since 2011.
Notable transactions include:
- Acting for corporate trustee in the rationalisation of substantial trusts, including partial exclusions of beneficiaries and appointments of sub-funds to avoid breach of trust issues;
- Acting with UK, Swiss and Italian advisors in the restructuring of a significant family trust; preparation of documentation including creation of sub-funds and creation of different classes of shares in the holding company of a number of property development companies;
- Establishment of highly bespoke trust to receive assets held by BVI company following death of Middle Eastern shareholder where a BVI grant of probate was not being obtained;
- Review and revision of documentation to incorporate a private trust company and the establishment of various trusts;
- Advising a trustee in relation to an application to set aside the transfer of assets to a trust on the grounds of mistake following incorrect tax advice;
- Advising client in relation to potential breaches of duty by Guernsey trustee resulting in a significant tax liability with interest and penalties
*not admitted in Guernsey