High-net-worth individuals (HNWIs) may have the ownership of their personal realty held in a private trust structure so that either their trustees directly own the realty or, as has historically been more common, the realty is owned by an underlying company owned by the trustees. HNWIs also look to invest in commercial real estate ventures and, again, a trust structure is frequently used for that purpose. In Jersey, these structures are known as Jersey property unit trusts (JPUTs).
Properties of the JPUT
Published: 22 Jul 2016
Type: Insight
Article first published in STEP Journal in July 2016
