Preface
The Higgs & Johnson Guide to Authorised Purpose Trusts
("PTs") in The Bahamas explores the unique nature of PTs,
their characteristics, and their most common uses. The Guide
demonstrates the flexibility offered in The Bahamas for the
creation of non-charitable purpose trusts and other special trusts
and powers. This Guide is not intended to be exhaustive and does
not purport to be a complete review of issues pertaining to
PTs.
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A trust instrument is a unique legal relationship whereby the
settlor of the trust transfers the assets of any type, representing
the trust property, to the trustee, who holds legal title of the
trust property, to be administered for the benefit of the
beneficiaries, who hold equitable title to the trust property, in
accordance with the provisions of the trust instrument. Bahamian
law recognizes trusts, and the Supreme Court of The Bahamas has a
long history of upholding the principles of equity.
