Professional Documents
Culture Documents
If you have an existing Will in place that you intend to cover your Jersey assets
held in your sole name or joint names (bank accounts, investments, shares in a
Jersey registered company) then provided it is not restricted to the jurisdictions
it covers and that it does not refer to Jersey as being a part of the UK (it isn’t)
then that Will can be probated in Jersey; however, there are advantages to
having a separate Will in place to cover your Jersey assets only.
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27 Hill Street, St Helier, Jersey JE2 4UA
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as a valid document that is your last testament. A Does my family have to pay any
‘Grant of Probate’ is the order of the Royal Court inheritance tax in Jersey?
proving that Will and the appointment of your There is no inheritance tax in Jersey; however stamp
named executor to act. duty is payable on the application for Jersey probate
and is charged at the following rates:
A Jersey Grant of Probate (where there is a Will) or
a Jersey Grant of Letters of Administration (where Where the net value of the Jersey Estate:
there is no Will) is required in order to release assets
• Does not exceed £10,000: no fee
of a non-Jersey domiciled deceased person held
• Does not exceed £100,000: £50 for each
in Jersey where the total value held by any holder
£10,000 or part thereof
exceeds £10,000. Prior to the production of the
Grant of Probate access to your Jersey assets will • To exceed £100,000, but not to exceed
be prohibited. £13,360,000: £500 in respect of the first
£100,000 plus £75 for each additional £10,000
Postal applications for a Grant of Probate are not or part thereof
permitted in Jersey. If your executor is not resident • To exceed £13,3660,000: £100,000
in Jersey it is possible for them to appoint an
attorney in Jersey to apply for the necessary Grant A further £80 stamp duty is payable on all
of Probate and then to administer the estate in applications by way of an administration charge.
Jersey. Alternatively, we have an executor company, If you wish to send us instructions for making your
Preston Administration Limited, which can be Will, please complete the Will Instruction Sheet
appointed to act as executor of the Jersey Will. Domiciled Outside of Jersey.
If you would like to have an informal discussion about these Sarah Hope
matters please contact Clare Nicolle: clare@prestonlegal.co.uk, Chartered Legal Executive
Sarah Hope: sarah@prestonlegal.co.uk or Kirsten Rowe: kirsten@
sarah@prestonlegal.co.uk
prestonlegal.co.uk
www.prestonlegal.co.uk
27 Hill Street, St Helier, Jersey JE2 4UA