It’s certainly been a challenging 12 months for Julie Collins, executive director and head of business development at EFG Wealth Solutions in Jersey. ‘The past year has been consumed by restructuring — mainly with clients who have a UK connection and were undertaking planning in relation to the proposed tax changes impacting UK resident non-domiciled person and UK residential real estate,’ she says. Planning was carried out only for the changes to be placed on hold: ‘clients, and their advisers did not have sufficient clarity to proceed and there was a lot of indecision’. But now with the plans going ahead, ‘decisions are being made to proceed,’ she says. Increasingly, HNWs are relying on efficient trusts to plan succession.